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HomeMy WebLinkAboutORD 71-45ORDINANCE NO. 1/- � 5 ENTITLED AN ORDINANCE PROVIDING FOR THE LEVYING, ASSESSING AND COLLECTING OF AD VALOREM AND OTHER TAXES FOR THE YEAR 1971 FOR THE PURPOSE OF PAY- ING THE GENERAL OPERATING EXPENSES OF THE CITY OF BEAUMONT, AND PROVIDING A SINKING FUND TO MEET THE PAYMENT OF ALL BONDED INDEBTEDNESS OF THE CITY OF BEAUMONT AND THE PAYMENT OF ACCRUING INTEREST THEREON; PROVIDING FOR THE PAYMENT OF OCCUPATION TAX; AND PROVIDING FOR SEVERABILITY. BE IT ORDAINED BY THE CITY OF BEAUMONT, TEXAS: Section 1. That there shall be and is hereby levied and shall be assessed and collected for the year 1971, for municipal pur- poses only, an ad valorem tax of One Dollar and Fifty-nine Cents ($1.59) on each One Hundred Dollars' 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, to -wit: For the General Fund $1.165 For the purpose of paying the accruing interest and to pro= vide a sinking fund for the payment of the entire bonded indebtedness of The City of Beaumont .425 Section 2. That there shall be and is hereby levied and there shall be collected on all occupations and callings on which an occupa- tional tax is levied by the State of Texas, a sum equal to onr half of the amount so levied by the State of Texas, on each respective occupation or calling in The City of Beaumont. 40- 7/- �5-.3/- 71 /e6 Section 3. If any section, subsection, sentence, clause, phrase, or portion of this ordinance is for any reason held invalid or unconstitutional by any court of competent jurisdiction, such section, subsection, sentence, clause, phrase, or portion shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity of the remaining portions hereof. PASSED by the City Council this the 3/ day of August, 1971. Mayor -