O79-14CITY OF KENNEDALE ORDINANCE NO. 79-14
AN ORDINANCE LEVYING TAXES FOR THE USE AND
SUPPORT OF THE CITY OF KENNEDALE MUNICIPAL
GOVERNMENT, AND PROVIDING FOR THE BOND AND
INTEREST RETIREMENT FUNDS OF ALL OUTSTAND-
ING GENERAL OBLIGATION BONDS OF THE CITY,
FOR THE TAX YEAR 1979; APPORTIONING 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 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 Twenty -Five Cents ($1.25) on each One Hundred Dollars
($100.00) valuation of property for the tax year 1979, said tax
being so leviedand 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 Forty -
Nine Cents (494) on each One Hundred Dollars
($100.00) valuation of property.
(b) For the maintenance and support of the general
government of the City of Kennedale, Texas
(General Fund), a tax of Seventy -Six Cents (764)
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 pursuing any
occupation taxed by the general laws of the State of Texas, 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 appropriated to the
maintenance and support of the general municipal government
(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 Assessor -
Collector and every person collecting money for the City of Kennedale
to deliver to the City Secretary therewith a statement showing to what
fund such should be deposited and from what source received. All
receipts of the City of Kennedale, Texas, not specifically apportioned
by this ordinance are hereby made payable to the General Fund, 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 immediately upon its passage.
ADOPTED AND APPROVED this 8th day of November, 1979.
ATTEST:
Tyne Ann Refloga
APPR
teve Radakovich, Mayor of the City of
Kennedale, Texas
(CITY SEAL)