O74-09CITY OF KENNEDALE ORDINANCE NO..74-9
AN ORDINANCE LEVYING TAXES FOR THE USE AND
SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE
CITY OF KENNEDALE, TEXAS, AND PROVIDING FOR
THE BOND AND INTEREST RETIREMENT FUNDS OF
ALL OUTSTANDING GENERAL OBLIGATION BONDS OF
THE CITY, AND OF GENERAL OBLIGATION BONDS TO
BE ISSUED DURING THE ENSUING YEAR, FOR THE
TAX YEAR 1974, AS HEREIN SET FORTH; APPORTION-
ING EACH LEVY FOR THE SPECIFIC PURPOSE; AND
PROVIDING AN EFFECTIVE DATE ..
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE, 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 each series of outstanding
general obligation tax bonds of the City of Kennedale, Texas,
upon all property, real, personal and mixed, within the corpor-
ate limits of the City of Kennedale, Texas, subject to taxation,
a tax of $1.35 on each $100.00 valuation of property for the tax
year 1974, said tax being so levied and apportioned for the pur-
poses herein set forth:
(a) For the Interest and Sinking Funds of the
City of Kennedale, Texas, for payment of
principal and interest maturing and accru-
ing upon all outstanding General Obligation
Tax Bonds of the City of Kennedale, Texas,
a tax of One Dollar ($1.00) on each One
Hundred Dollars.($100.00) valuation of
property.
(b) For the maintenance and support of the gen-
eral government of the City of Kennedale,
Texas (General Fund), a tax of Thirty -Five
Cents (35c) on each One Hundred Dollars
($100.00) valuation of property.
Section 2. Outstanding General Obligation Bonds of the
City of Kennedale, Texas which are referred to in Subparagraph (a)
of Section 1 of this ordinance include the following: City of Ken-
nedale Water Works System Bonds, Series 1952; City of Kennedale
Water Works System Bonds, Series 1955; City of Kennedale General
Obligation Bonds, Series 1960; City of Kennedale General 0liga-
tion Bonds, Series 1962; City of Kennedale General Obligation
Bonds, Series 1964; City of Kennedale General Obligation Bonds,
Series 1965; City of Kennedale Refunding Bonds, Series 1967; City
of Kennedale Water Works System and Sewer System General Obliga-
tion Bonds, Series 1970 and 1970-A; and City of Kennedale General
Obligation Bonds, Series. 1973.
Section 3. There is hereby levied and there shall be
collected from every person, firm, association or corporation
pursuing any occupation taxed by the general laws of the State
of Texas, an annual occupation tax equal in each instance to
one-half (2) of the state occupation tax, which said taxes
shall be paid annually in advance except where otherwise pro-
vided by state law, and then as provided by state law, which
occupation taxes are hereby appropriated to the maintenance
and support of the general municipal government (General Fund).
Section 4. 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, Texas,
to deliver to the City Secretary -Treasurer, at the time of de-
positing any monies, a statement showing to what fund such de-
posit should be made and from what source received. All receipts
of the City of Kennedale not specifically apportioned by this or-
dinance are hereby made payable to the General Fund of the City,
unless the City Council shall by resolution or ordinance hereaf-
ter otherwise direct.
Section 5. This ordinance shall take effect and be in
full force and effect from and after its passage.
ADOPTED AND APPROVED this loth day of October, 1974.
APPROVED:
T hi lia or of the
T. res y City
of Kennedale, Texas
ATTEST:
J
Evelyn® Templeton,ity Secretary
(CITY SEAL)