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~ £ ~V 102 L~ ~ ~- -; S d¡f~'í r' - ~~ ~ ORDINANCE 1995- 52 ~ F-=~ ......~ - ~~ =. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOSr TEXAS, SETTING THE TAX RATE FOR THE 1995 TAX YEAR; LEVYING TAXES FOR THE USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE CITY FOR THE FISCAL YEAR BEGINNING OCTOBER I, 1995, AND ENDING SEPTEMBER 30, 1996, PROVIDING A SINKING FUND FOR THE RETIREMENT OF THE BONDED DEBT OF THE CITY, AND DECLARING AN EMERGENCY. RECITALS: 1. The Chief Appraiser of the Hays County Appraisal District has prepared and certified the appraisal roll for the City, being that portion of the approved appraisal roll of the Hays County Appraisal District which lists property taxable by the City. 2. The Tax Assessor for the City has performed the statutory calculations required by Section 26.04 of the Texas Tax Code, and has publicized the effective tax rater the rollback tax rate, and an explanation of how they were calculated, and has fulfilled all other requirements for publication as contained in Section 26 . 04 ( e ) 0 f the Tax Code, in a manner des igned. to come to the attention of all residents of the City and has submitted the rates to the City Council at the meeting of September 5, 1995 . 3. The City Council has complied. with all applicable requirements of the Texas Tax Code prior to the setting of the tax rate for the City for 1995. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: SECTION 1. That the tax r~te for the City of San Ma~cos, Texas, for the tax year 1995 is set at forty-six cents (46 ç) on each one hundred dollars ($100) of the taxable value of real and personal property not exempt from taxation by the constitution and laws of this state situated within the corporate limits of the City. SECTION 2. That there is levied for the tax year 1995 upon all real and personal property not exempt from taxation by the constitution and laws of this state situated within the corporate limits of the City, and there shall be collected for the use and support of the municipal government of the City of San Marcos, Texas to provide a sinking fund for the retirement of the bonded debt of the City and to provide for permanent improvements in the CitYr this tax; and this tax, so levied and collected, shall be apportioned to the specific purposes hereinafter set forth; to-wit: A. For the payment of current expenses and to be deposited in the general fund (for the purposes of maintenance and operation) fourteen and eighty-five hundredths cents ( 14.85 ç) on each one hundred dollars ($100) of the taxable value of such property; and, B. To provide for a s inking fund for the payment of the - principal and interest and the retirement of the bonded debt, as the same shall become due thirty -one and fifteen hundredths cents (31.15 ç) on each one hundred dollars ($100) of the taxable value of such property, or so much thereof, or so much more, if any, as shall be necessary to pay the principal and interest of the current year. SECTION 3. That the Tax Assessor is hereby authorized to assess and collect the taxes of the City employing the above tax rate.