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ORDINANCE NO. 177 " . .. /11 STATE OF TFXAS ~ ~ , CrTTI\!TY OF GIT A DAlPFE 0 o CITY OF SCHERTZ ~ On this, August 1, 1968, the City Council of the City of Schertz, Texas, regularly convened at a regular meeting in too City Hall of the City of Schertz, Texas, with the following members present, namely: Roy \'l. Richard Raymond G. Koym Xalford Koch Leonard J. Kazben Jimmj,e V. Dunham Edgar T. Marx G. W. Pickrell Mayor Alderman Alderman Alderman Alderman Alderman City Secretary ABSENT: None at which time the following proceedings, among others, were had, to-wit: Vayor Roy ',f. Richard introduced a proposed ordinance levying taxes for the year 1968 in and for the City of Schertz, Texas, hereinafter set forth. The ordinance waS read in full and a ful.l discussion and con- sideration thereof then ensued. Alderman Jimmie V. Dunham moved that said ordinance be passed and adopted. The motion was seconded by Alderman Edgar T. Marx. Notion carried by the following vote: AYES: Hayor Roy 1'1. Richard, and Alderman Raymond G. Koym, Leonard J. Kazben, Halford Koch, Jimmie V. Dunham, and Edgar T. Narx. ~:OES : None Thereupon, the Mayor announced the ordinance finally passed and adopteg., and said ordinance as passed and adopted by the City Council and approved by the Mayor of the City of Schertz, Texas is as follows: . . AN ORDINM,CE NO. 177 LEVYING TAXES FOR THE YEAR 1968 "HEREiLS, the City Counci 1 of the City of Schertz, Texas, has not passed and adopted an ordinance levying annual taxes for the year 1968, 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 1968, and "ffiSREAS, this City Council, after due consideration, finds and determines that to pay the operatin~ expenses of the City which will accrue for the ensuing year, herein referred to a s the tax levy for C~neral Fund ourposes, that a tax of and at the rate of sixty-five cents ($o.6~) on each one hundred dollars ($100.00) assessed valuation of all taxable property in the City should be levied for the year 1968; and that to pay the interest on and to create the necessary sinking fund on the $301,000 CITY OF SCHERTZ S8iER SYSTEM BONDS, SE3IES 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 thirty-five cents ($0.3S') on each one hundred ($100.00) dollars assessed valuation of all taxa'cle property in the City should be levied for the year 1968, thereby making a total ad valorem tax levied for the year 1968, of and at too rate of one do]h.r ($1.00) on each one hundred dollars ($100.00) assessed valuation of all taxable property in the City of Schertz, Texas; No"r, ':FEREFDRE, BE IT O'PJ)AJNED BY mE CITY COUNCIL OF 1HE cry OF SCFERTZ, TE.\:AS: 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 sixty-five cents ($0.6S') on each one hundred dollars (~aoo.OO} assessed valuation of all taxable property in the City of Schertz, Texas, for the year 1968. . . . . II That. fuo pay the interest on and to provide the lB cessary sinking fund on the issue of $301,000 CITY OF SCHERTZ SElrIER 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 1968 a tax of and at the rate of thirty-five cents ($0.3~). III That the total tax hereby levied on each one hundred dollars ($:].00.00) assessed valuation of all taxable property in the City of Schertz, Texas, for the year 1968 shall be of and at the rate of one dollar ($J.OO). of which, a tax of and at the rate of sixty-five cents ($0.60;). aforesaid, shall be and is hereby levied for General Fund p~poses of said City, and of which, a tax of and at the rate of thirty-five cents ($O.3~) as aforesaid, shall be and is ooreby levied for interest and sinking fund purposes, and said taxes hereby levied shall be applied to the purposes named. PASSED, ADCPTED AND AP~ROVED THIS August 1, 1968. fIJ; ~. ir ~ ' 11/ {~ ,t . ~layo, - Ci Y 0 ~c ertz, Texas ATTEST: ") 'i Jr, 1~. l~( A' Jij / t City ::iecretary - J.ty ~ Schert~, Texas (::'cal of City) . . . . . STATE OF TEXAS ~ o COTTNTY OF GTTADAIlW" 0 ~ CITY GF SCFERTZ ~ I, G. ,if. Pickrell, City Secretary of the City of Schertz, Texas, DO HEREBY CERTIFY that the above and fore- going is a true and correct copy of an ordinance and the minutes pertaining to its adoption, which ordinance NaS duly and legally passed and adopted by the City Council of the City of Schertz, Texas, at a regular meeting held on Augustl, 1968, at the regular l1Beting place in the City Hall in the City of Schertz, Texas, and that Same appears of record in Book 2 of the Minutes of said City Council; and that lam the lawful possessor and custodian of such books and records of the City of Schertz, Texas. "'ITNSSS MY HAND AND SrAL 0'" JAID CITY, this August 1. 1968. j, 11 1-](' Jtf(~ City Secretary - ~l Y 0 ~chertz, Texas (Seal of City)