O76-12CITY OF KENNEDALE ORDINANCE NO. 76-12
AN ORDINANCE LEVYING TAXES FOR THE USE AND SUPPORT OF
THE CITY OF KENNEDALE MUNICIPAL GOVERNMENT, AND PRO-
VIDING FOR THE BOND AND INTEREST RETIREMENT FUNDS OF
ALL OUTSTANDING GENERAL OBLIGATION BONDS OF THE CITY,
FOR THE TAX!. YEAR 1976 ;.APPORTIONIN_G . 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 gen-
eral obligation bonds of the City of Kennedale, Texas, upon all
property, real and personal and mixed, within the corporate limits
of the City of Kennedale, Texas, subject to taxation, a tax of One
Dollar and Thirty -Five Cents ($1.35) on each One Hundred Dollars
($100.00) valuation of property for the tax year 1976, said tax be-
ing so levied and apportioned for the purposes herein set forth:
(a) For the Interest and Sinking Funds of the City
of Kennedale, Texas, for payment of principal as
it matures and interest as it accrues upon all
outstanding General Obligation Tax Bonds of the
City of Kennedale, Texas, a tax of Fifty -Four
Cents (54¢) on each One Hundred Dollars ($100.00)
valuation of property.
(c) For the maintenance and support of the general
government of the City of Kennedale, Texas (Gen-
eral Fund), a tax of Eighty -One Cents (81) on
each One Hundred Dollars ($100.00) valuation of
property.
Section 2. There is hereby levied and there shall be
collected from every person, firm, association and corporation pur-
suing any occupation taxed by the general laws of the State of Tex-
as, an annual occupation tax equal in each instance to one-half of
the State occupation tax, which said taxes shall be paid annually
in advance except where otherwise payable by State law, and then
as provided by State law, which occupation taxes are hereby approp-
riated to the maintenance and support of the general municipal gov-
ernment (General Fund).
Section 3. All monies collected under this ordinance are
hereby appropriated and set apart for the purposes recited, and the
City Secretary shall keep accounts so as to readily and distinctly
show amounts collected and expended and on hand at any time, in each
of said funds, and it is hereby made the duty of the City Tax Asses-
sor -Collector and every person collecting money for the City of Ken-
nedale to deliver to the City Secretary therewith a statement show-
ing to what fund such should be deposited and from what source re-
ceived. All receipts of the City of Kennedale, Texas, not specific-
ally apportioned by this ordinance are hereby made payable to the
General Fund, unless the City Council shall be resolution or ordi-
nance hereafter otherwise direct.
Section 5. This ordinance shall take effect and be in full
force and effect immediately upon its passage.
ATTEST:
0
ADOPTED AND APPROVED this 9th day of December, 1976.
APPROVED:
a, ,
4
Steve Radakovich, Mayor of the City of
Kennedale, Texas
Evelyn Templeton,
(CITY SEAL)
ty Secretary