O75-09CITY OF KENNEDALE ORDINANCE NO. 75-9
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 1975, 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 corporate
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 1975, said tax being 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 and interest maturing and accru-
ing upon all outstanding General Obligation
Tax Bonds of the City of Kennedale, Texas,
a tax of Eighty -One Cents (810 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 Fifty -Four Cents (546
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
Kennedale 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 Obligation
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 Obligation 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
collectedfromevery 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 provided 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
depositing any monies, a statement showing to what fund such
deposit should be made and from what source received. All
receipts of the City of Kennedale 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 5. This ordinance shall take effect and be in
full force and effect from and after its passage.
ADOPTED AND APPROVED this llth day of October, 1975.
APPROVED:
ATTEST:
Rvelyn`Templeton,
(CITY SEAL)
Secretary
hildrres ,$A Mayor of the City
of Kennedale., Texas
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