HomeMy WebLinkAboutORD 75-570.
7
ORDINANCE NO.*
ENTITLED AN ORDINANCE PROVIDING FOR THE LEVY-
ING, ASSESSING..AND COLLECTING OF AD VALOREM
TAXES FOR THE YEAR 1975 FOR THE PURPOSES OF
PROVIDING A GENERAL FUND, A CAPITAL IMPROVE-
MENTS 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 SEVERA-
BILITY.
BE IT ORDAINED BY THE CITY OF BEAUMONT:
Section 1.
1
That there shall be and is hereby levied and shall be.assessed
and collected for the year 1975, for municipal purposes only, an ad
valorem tax of One Dollar and Fifty -Nine Cents ($1.59) on each One Hun-
dred Dollars' ($10.0.00_) worth of property located within the present
city limits of the 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 $ 1.06
For the Capital Improvements
Program Fund .02
For the purpose of paying the
accruing interest and to
provide a sinking fund for
the payment of the entire
bonded indebtedness of the
City of Beaumont .51
Section '2.
That if any section, subsection, sentence, clause or phrase
of thisordinance 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 de-
clared to be severable.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the
z_�hCo day of LP -LA -A -m , 1975.
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