O68-07KENNEDALE ORDINANCE NO, 68-7
AN ORDINANCE TFVYING TAXES FOR THE USE AND
SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE
CITY OF KENNEDAL7, TEXAS, AND PROVIDING FOR
TTiE WATER WORKS S7STEM BOND AND INTEREST
RETIREMENT FUND, SERIES 1952, AND TEE WATER
WORKS SYSTEM BOND AND INTEREST RETIREMENT
FUND, SERIES 1955, AND THE GENERAL OBLIGATION
BOND AND INTEREST RETI=ENT FUND, SERIES
1960, AND TEE GENERAL OBLIGATION BOND AND
INTEREST RETIREMENT FUND, SERIES 1962, AND
THE GENERAL OBLIGATION BOND AND INTEREST
RETIREMENT FUND, SERIES 1964, AND TEE GENERAL
OBLIGATION BOND AND INTEREST RETTREMENT FUND,
SERT7S 1965, AND THE CITY OF KENNEDATF REFUND-
ING BOND AND 7NTEREST RETIREMENT FUND, SERTES
1967, FOR THE TAX YEAR 1968; APPORTIONING EACH
LEVY FOR THE SPECIFIC PURPOSE; AND PROVIDING
AN EFFECTIVE DATE.
BE IT ORDAINED 3-1 TEE CITY COUNCIL OF THE CITY OF K=EDATF TEXAS:
Section 1. That there is hereby levied and there shall
be collected for the use and support of the municipal government
of the City of Kennedale, Texas, and to provide an interest and
sinking fund for the retirement of City of Kennedale Water Works
System Bonds, Series 1952, and City of Kennedale Water Works
System Bonds, Series 1955, and City of Kennedale General Oblia-
tion Bonds, Series 1960, and City of Kennedale General Obligation
Bonds, Series 1962, and City of Kennedale General Obligation Bonds,
Series 1964, and City of Kennedale General Obligation Bonds, Ser-
ies' 1965, and City of Kennedale Refunding Bonds, Series 1967,
upon all property, real, personal and mixed, within the cor-
porate limits of the said City of Kennedale, Texas, subject
to taxation, a tax of One and. No/100 Dollars ($1.00) on each
One Hundred and NO/100 Dollars ($100.00) valuation of property
for the year 1968, said tax being so levied and apportioned for
the purposes herein set forth:
(a)
For the City of Kennedale Water Works
System Bonds, Series 1952, Interest and
Sinking Fund: Twelve Cents (1.2) on each
One Hundred and No/100 Dollars $100.00)
valuation of property.
(b) For the City of Kennedale Water Works
System Bonds, Series 1955, interest
and. Sinking Fund: Six Cents (6) per
One Hundred and. No/100 Dollars ($100.00)
valuation of property.
(c) For the City of Kennedale General
Obligation Bonds, Series 1960, Interest
and Sinking Fund: Eighteen Cents (18) on
each One Hundred and No/100 Dollars
($100.00) valuation cf property.
For the City of Kennedale General
Obligation Bonds, Series 1962, Interest
and Sinking Fund: Seven Cents (n) on
each One Hundred and No/100 Dollars
($100.00) valuation of property.
(e)
(g)
(n)
For the City of Kennedale General
Obligation Bonds, Series 1964, Interest
and Sinking Fund: Five and one-half
Cents (51i.) on each One Hundred and
No/100 Dollars §100.00) valuation of
property.
For the City of Kennedale General
Obligation Bonds, Series 1965, Tnterest
and. Sinking Fund: Three and one-half
Cents (3) on each One Hundred and.
NO/100 Dollars ($100.00) valuation of
property.
For the City of Kennedale Refunding
Bonds, Series 1967, Interest and. Sinking
Fund.: Five and one-half Cents (57.i) on
each One Hundred and. No/100 Dollars
($100.00) valuation of property.
For the maintenance and support of
the generalgovernment (General Fund):
Forty-two and one-half Cents (42i) on
each One Hundred and. No/100 Dollars
valuation of property.
Section 2. There is hereby levied and there shall
be collected from every person, firm, association or corpora-
tion pursuing any occupation taxed by the general laws of the
State of Texas, an annual occupation tax equal in each instance
to one-half (1) of of the state occupation tax, which said taxes
shall be paid annually in advance except where otherwise pro-
vided by state law, which occupation taxes are hereby appro-
priated to the maintenance of the general municipal government
(General Fund).
Section 3. All monies collected under this ordinance
are hereby appropriated and set apart for the purposes indicated,
and the City Secretary shall keep accounts so as to readily and
distinctly show the amount collected, the amount expended, and
the amount on hand at any time, in each of said funds, and it
is hereby made the duty of the City Tax Assessor -Collector,
and every person collecting money for the City of Kennedale,
to deliver to the City Secretary -Treasurer, at the time of
depositing any monies, a statement showing to what fund such
deposit should be made and from what source received. All
receipts for the City not specifically apportioned by this
ordinance are hereby made payable to the General Fund of the
City, unless the City Council shall by resolution or ordinance
hereafter otherwise direct.
Section 4. This ordinance shall take effect and
be in full force and effect from and after its passage.
ATTEST:
PASSED AND APPROVED this 10th day of October, 1968.
,1
k
APPROVED:
B. T. Webb ; Mayor, City of Kennedale,
Texas
C-Ly ,,ae-reta_
(CITY SEAL)
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