HomeMy WebLinkAboutORD 80-94 ORDINANCE NO. e - &Pe - 9
ENTITLED AN ORDINANCE PROVIDING FOR THE
LEVYING, ASSESSING AND COLLECTING OF AD
VALOREM TAXES FOR THE TAX YEAR 1980-1981
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 1980-1981 , 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 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 .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 o,7&/-Z day of �y , 1980.
Mayor y-