HomeMy WebLinkAboutORD 79-74 ORDINANCE NO. z z
ENTITLED AN ORDINANCE PROVIDING FOR THE
LEVYING, ASSESSING AND COI1ECTING OF AD
VALOREM TAXES FOR THE TAX YEAR 1979-1980
FOR THE PURPOSES OF PROVIDING A GENERAL
FUND, AND A SINKING FUND TO MEET THE
PAYMENT OF ALL BONDED INDEBTEDNESS OF
THE CITY OF BEAUMONT AND THE PAYMENT OF
ACCRUING INTEREST THEREON; AND PROVIDING
FOR SEVERABILITY.
BE IT ORDAINED BY THE CITY OF BEAUMONT:
Section 1.
THAT there shall be and is hereby levied and shall be assessed and
collected for the tax year 1979-1980, for municipal purposes only, an
ad valorem tax of One Dollar and Eighty-Seven ($1.87) on each One
Hundred Dollars' ($100.00) worth of property located within the
present city limits of fTe City of Beaumont made taxable by law,
which said taxes when collected shall be for purposes hereinafter
set forth as follows
For the General Fund $1.33
For the purpose of paying $ .54
the accruing interest
and to provide a sinking
fund for the payment of
the entire bonded in-
debtedness of the City
of Beaumont
Section 2.
That if any section, subsection, sentence, clause or phrase
of this ordinance or the application of same to a particular set of
persons or circumstances should for any reason be held to be invalid,
such invalidity shall in no wise affect the remaining portions of this
ordinance, and to such end the provisions of this ordinance are declared
to be severable.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the
day of &,A j 1979.
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