HomeMy WebLinkAboutORD 77-99ORDINANCE NO.�
ENTITLED AN ORDINANCE PROVIDING FOR THE
LEVYING, ASSESSING AND COLLECTING OF AD
VALOREM TAXES FOR THE YEAR 1977 FOR THE
PURPOSES OF PROVIDING A (NERAL FUND, A
CAPITAL IMPROVEMENT 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:
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That there shall be and is hereby levied and shall be
assessed and collected for the year 1977, for municipal purposes
only, an ad valorem tax of One Dollar and Eighty -Seven Cents ($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 here-
inafter set forth as. follows :
0-7,7-99
For the General Fund $1.155
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 .695
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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 �G 1977.
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