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2 Ao W .Y IF-1 d ?.. U) ? U Q L rn W 2: ORDINANCE NO. 1981-69 C W W AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF w (n 4_' SAN MARCOS, TEXAS, SETTING THE TAX RATE FOR SAID cn 0 CITY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1981, >1 AND ENDING SEPTEMBER 30, 1982; LEVYING TAXES FOR - :Lj; U U THE USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT OF G A N SAID CITY FOR SAID FISCAL YEAR, AND DECLARIN EMERGENCY. WHEREAS, the Board of Equalization for the City of San Marcos, Texas, has approved and certified the tax roll for said city for 1981; and, WHEREAS, the tax assessor-collector for said city has made the stat- utory calculations required by Article 7244c, Texas Revised Civil Statutes, and has publicized the effective tax rate in a manner designed to come to the attention of all residents of said city and has submitted said rate to the city council of said city at the meeting of July 31, 1981 , of said City Council; and, WHEREAS, said city council has complied with all requirements of Article 7244c, Texas Revised Civil Statutes, prior to the setting of the tax rate for said city for 1981; now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: SECTION 1. That the tax rate for the City of San Marcos, Texas, for the year 1981 be, and is hereby, set at One and 03/100 ($1.03) Dollars on each one hundred dollars of the assessed value of real and tangible personal property not exempt from taxation by the constitution and laws of this state situated within the corporate limits of said city. SECTION 2. That there is hereby levied for the year 1981 upon all real and tangible personal property not exempt from taxation by the constitu- tion and laws of this state situated within the corporate limits of said City and there shall be collected for the use and support of the municipal govern- ment of said City of San Marcos, Texas, to provide a sinking fund for the retirement of the bonded debt of said city, and to provide for permanent improvements in said city said tax; and said 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, Eighty-Nine Cents (89?) on each one hundred dollars of the assessed value of such property; and, B. To provide for a sinking fund for the payment of the principal and interest and the retirement of the bonded debt, as the same shall become due Fourteen Cents (14?) on each one hundred dollars of the assessed 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 there is hereby levied and there shall be collected from every person, firm, association or corporation pursuing any occupation taxed by the general laws of Texas an annual occupation tax equal in each instance to one-half (112) of the state occupation tax, which tax shall be paid annually in advance except as otherwise provided by state law, in which event such tax shall be levied, collected, and paid as is provided by state law, the amount thereof not in any event to exceed one-half (1/2) of the state occupation tax as aforesaid. 11 SECTION 4. The director of finance shall keep accurate and complete