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ORDINANCE NO. 234 . . -. ORDINANCE #234 LEVYING TAXES FOR THE YEAR 1971 WHEREAS, the City Council of the City of Schertz, Texas, has not passed and adopted an ordinance levying annual taxes for the year 1971, and it now considers it necessary and desirable, at the present time, to pass such ordinance levying ad valorem taxes on all taxable property in the City of Schertz, for the year 1971, and WHEREAS, this City Council, after due consideration, finds and determines that to pay th~ operating expenses of the City Which will accrue for the ensuing year, herein referred to as the tax levy for General Fund purposes, that a tax of and at the rate of seventy-nine (0.79) cents on each one hundred dollars ($100.00) assessed valuation of all taxable property in the City should be levied for the year 1971; and that to pay the interest on and to create the necessary sinking fund on the $301,000 CITY OF SCHERTZ SEWER SYSTEM BONDS, SERIES 1962, dated June I, 1962, heretofore authorized by an ordinance passed and adopted on this day, that a tax of and at the rate of twenty-one ($0.21) on each one hundred ($100.00) dollars assessed valuation of all taxable property in the City should be levied for the year 1971, thereby making a total ad valorem tax levied for the year 1971, of and at the rate of one dollar ($1.00) on each one hundred dollars ($100.00) assessed valuation of all taxable property in the l::ity of Schertz, Texas; NOW, THEREFORE, BE IT ORDAINED BY THE CITY OOUNCIL OF THE CITY OF SCHERTZ, TEXAS: I That, for General Fund purposes of the City of Schertz, Texas, there shall be, and there is hereby levied, a tax of and at the rate of seventy- nine cents ($0.79) on each one hundred dollars ($100.00) assessed valuation of all taxable property in the City of Schertz, Texas for the year 1971~ II That, to pay the interest on and to provide the necessary sinking fund on the issue of $301,000 CI'rf OF SCHERTZ SEWER SYSTEM BONDS, SERIES 1962, dates June I, 1962, there shall be, and there is hereby levied on each one hundred dollars ($100.00) assessed valuation of all taxable property in the City of Schertz, Texas, for the year 1971 a tax of and at the rate of twenty-one cents ($0.21). . . III That the total tax hereby levied on each one hundred dollars ($100 00) assessed valuation of all taxable property in the City of Schertz, Texas, for the year 1971 shall be of and at the rate of one dollar ($1.00), of which a tax of and at the rate of seventy-nine cents ($0.79), aforesaid, shall be and is hereby levied for General Fund purposes of said City, and of which, a tax of and at the rate of twenty-one cents ($0,21) as afore- said, shall be and is hereby levied for interest and sinling fund purposes, and said taxes hereby levied shall be a~ied to the purposes named_ PASSED, ADOPTED AND APPROVED THIS JULY 29, 1971 ~/j/~aJ Roy chard, Mayor ATTEST: &dC! lLL--, Robert C. Bueker, City Sec. (Seal of City)