ORDINANCE NUMBER  415

 

 

AN ORDINANCE INCREASING TAX RATE FOR THE USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE CITY OF GRANITE SHOALS; PROVIDING FOR THE MAINTENANCE AND DEBT RATE FOR THE YEAR 2004-2005; AND APPORTIONING EACH INCREASE FOR THE SPECIFIC PURPOSES.

 

 

BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRANITE SHOALS, TEXAS:

 

 

SECTION 1.  That there is hereby increases and there shall be collected for the use and support of the municipal government of the City of Granite Shoals, Texas and to provide Maintenance and Debt Rate for the fiscal year 2004-2005, upon all property, real, personal, and mixed, within the corporate limits of said City subject to taxation, a tax of $.4412 on each One Hundred Dollar ($100.00) valuation of property, said tax being so increased and apportioned to the specific purposes here set forth:

 

1.      For the maintenance and support of the general government (General Fund), $0.1603 on each One Hundred Dollar ($100.00) valuation of property, and;

 

2.      For the Debt rate, $0.2809 on each One Hundred Dollar ($100.00) valuation of property.

 

           

SECTION 2.  All monies collected under this ordinance are for the specific terms therein named, and the same are hereby appropriated and set apart for the specific purposes indicated in each item, and the Assessor-Collector of Taxes, the City Treasurer and the City Secretary a statement showing collections 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.

 

 

SECTION 3.  That this ordinance shall take effect and be in force from and after its passage.

 

 

 

 

PASSED AND APPROVED on by the City Council of Granite Shoals, Texas at a meeting on the  27TH day of SEPTEMBER, 2004, at which a quorum was present and for which due notice was given pursuant to TEX.GOV’T CODE 551.041 et.seq. (Vernon 1996, Supp.1

 

                                                                        Pat Crochet, Mayor

 

 

 

 

ATTEST:

 

 

Pat Zeller, City Treasurer

 

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Last modified: 08/14/06