HomeMy WebLinkAboutOrdinance No. 126 ORDINANCE N0. 126
AN ORDINANCE LEVYING TAXES FOR THE USE AND SUPPORT
OF THE MUNICIPAL GOVERNMENT OF THE CITY OF FRIENDS-
WOOD, TEXAS
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, TEXAS:
SECTION ONE: That there is hereby levied and there shall be collected for
the use and support of the municipal government of the City of Friends-
wood, for the year nineteen hundred and seventy (1969), upon all property;
real ,personal and mixed, within the corporate limits of the said City
subject to taxation; a tax of ONE DOLLAR ($1 .00) on each ONE HUNDRED
($100.00) DOLLARS valuation of property, said property valuation shall
be SIXTY PERCENT (60%) of actual market value, based upon the present
tax roll , said tax being so levied for the specific purposes herein
set forth:
(1) For the maintenance and support of the general government.
(General Fund)
(2) For the retirement and expenses of the Municipal Utilities
Bonds. (Interest and Sinking Fund)
SECTION TWO: All monies collected under this ordinance for the specific
items herein named, that the Assessor and Collector of taxes, the City
Treasurer and the City Secretary shall keep an account so as to readily
and distinctly show the amount on hand at any time belonging to such
fund; it is hereby made the duty of the Tax Assessor and Collector of
taxes and every person collecting money for the City of Friendswood,
to deliver to the City Treasurer and the City Secretary at the time
of depositing any monies, a statement showing such deposits have been
made and from what source received.
PASSED AND APPROVED on First Reading this 15th day of September, 1969.
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