ORDINANCE NO. 73-T-16
, .
ORDINANCE NUMBER 73- T-It,
AN ORDINAN~E LEVYING AND ASSESSING ALL TAXABLE
PROPERTY WITHIN THE CORPORATE LIMITS OF THE ~ITY
OF SCHERTZ, TEXAS FOR THE YEAR 1973; PROVIDING
THE RASIS OF ASSESSMENT OF APPRAISED VALUE ANTI
PROVIDTNG FOR 'PHE ~OLLE~TION THEREOF AT THE RA'PE
OF $1.00 ON THE ONE HUNDRED ($100.00) ASSESSED
VALUATION.
BF: IT ORDAIl\TED BY THE CITY COUNCIL OF THE CITY OF
S~HEHTZ, TEXAS:
Section 1. That there is hereby levied and assessed
against all taxable property, both real and personal, within
the corporate limits of the City of Schertz, Texas, and there
shall be collected by such city, a tax of $1.00 on the one-hun-
dred ($100) assessed tax valuation for the year 1973.
Section 2. Such tax is hereby levied and assessed in
accordance with the applicable Statutes of the State of Texas,
such levy and assessment is made for the following purposes, to
wit:
(A) For current expense and operation of the
General Fund and its various departments
$ .70
(B) For requirements of the Tax Rond Interest
and Sinking Fund to meet the outstanding
tax supported indebtedness of the ~ity for
Fiscal Year 1973-1974
$ .30
Total Tax Hate
$1. 00
The ~ity 'Preasurer has certified to the
availability of funds to pay the princi-
pal and interest on the following indebted-
ness during the Fiscal Year 1973-1974.
Date of Issue
1962
~ity of Schertz, Sewer System Bonds
Principal
Interest
$6,000.00
9,243.76
$15,243.76
1972
City of Schertz, Street Improvements Bonds
Principal
Interest
$1,000.00
8,501.00
$9,501. 00
1969
City of Schertz, Fire Department Time
Warrants
Principal
Interest
$3,000.00
1,260.00
$4,260.00
1972
City of Schertz, Police Department Time
Warrants
Principal
Interest
$5,000.00
1,023.75
$6,023.75
Section 3. That the Tax Assessor and Collector
for the ~ity of Schertz, Texas is hereby directed to assess
and collect taxes of the ~ity of Schertz, Texas on the basis
of 50% of appraised values for the year 1973, such basis of
assessment being required to meet the proposed expenditures
of the General Fund for the Fiscal Year 1973-1974 and collec-
tion of taxes thereof at the rate of $1.00 On the $100.00
assessed valuation as herein provided.
PASSED AND APPROVED this
~j-
day of September, 1973.
~
Voting Aye: ~">
Voting No: ()
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,q/ P.,r /" r) . I .'
I~(t.-f~j;",{, C..., :1.~:..(.4f!-t<',-)
, Mayor
!\.TTEST:
(lhAA~ Ji ~ i?UAL-R
,? Citv Secretary
.,
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