ORDINANCE 215
ORDINANCE # 215
LEVYING TAXES FOR THE YEAR 1970
WHEREAS, the City Council of the City of Schertz, Texas, has not
passed and adopted an ordinance levying annual taxes for the year 1970,
and it now considers it necessary and desirable, at this time, to pass
such ordinance levying ad valorem taxes on all taxable property in the
City of Schertz, for the year 1970, and
WlffiREAS, this City Council, after due consideration, finds and
determines that to pay the 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-five'
($0.75) cents on each one hundred dollars ($100.00) assessed valuation
of all taxable property in the City should be levied for the year 1970;
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 1, 1962, heretofore authorized by an ordinance passed and.
adopted on this day, that a tax of and at the rate of twenty-five ($0.25)
on each one hundred ($100.00) dollars assessed valuation of all taxable
property in the City should be levied for the year 1970, thereby making a
total ad valorem tax levied for the year 1970, 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 City of Schertz, Texas; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL 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-
five cents ($0.75) on each one hundred dollars ($100.00) assessed valuation
of all taxable property in the City of Schertz, Texas, for the year 1970.
II
That, to pay the interest on and to provide the necessary sinking
fund on the issue of $301,000 CITY OF SCHERTZ SEliER SYSTEM BONDS, SERIES
1962, dated June 1, 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 1970 a tax of and at the rate
of twenty-five cents ($0.25).
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 1970 shall be of and at the rate of one dollar ($1.00), of
which a tax of and at the rate of seventy-five cents ($0.75'), 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-five cents ($0.25') as afore-
said, shall be and is hereby levied for interest and sinking fund purposes,
and said taxes hereby levied shall be applied to the purposes named.
PASSED, ADOPTED AND APPROVED THIS JUlfE 19, 1970.
.Q~)/,GUJ
ATTEST:
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City ecretary -
(Seal of Cit~.)