Ord. 0676 08-22-94ORDINANCE NO. 676
AN ORDINANCE LEVYING TAXES FOR THE USE AND SUPPORT OF THE
MUNICIPAL GOVERNMENT OF THE CITY OF PEARLAND, TEXAS, AND
PROVIDING FOR THE INTEREST AND SINKING FUND OF THE TAXABLE
YEAR 1994, AND APPORTIONING EACH LEVY FOR THE SPECIFIC
PURPOSE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, 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 Pearland, Texas, and to provide Interest and Sinking
Fund for the Year Nineteen Hundred and Ninety -Four upon all
property, real, personal, and mixed within the corporate limits of
said City subject to taxation, a tax of $0.6974 on each One Hundred
Dollars ($100.00) valuation of property, said tax being so levied
and apportioned to the specific purpose herein set forth:
Series
(1) For the maintenance and support of
the General Government (General Fund),
the sum of $0.4374 on each $100
valuation of property, and
(2) For the Interest and Sinking Fund,
the sum of $0.2600 apportioned as
follows:
General Obligation Bonds, Waterworks and
Sewer System Improvement Bonds 1966
General Obligation Bonds, Municipal
Building Bonds, Waterworks and
Sanitary Sewer Bonds 1968
Refunding Bond (1982-1984) 1985
Improvement Bonds 1986
Improvement Bonds 1988
Refunding Bonds 1990
Certificate of Obligation 1991
Street Improvement Bonds 1992
Refunding Bonds 1993
SECTION 2. All monies collected under this ordinance for the
specific items therein named, be and the same are hereby
appropriated and set apart for the specific purpose indicated in
each item and that the Assessor and Collector of Taxes, the City
Treasurer, and the City Manager shall so keep these accounts as to
readily and distinctly show the amount collected, the amounts
expended, and the amount on hand at any time belonging to such
funds. It is hereby made the duty of the Tax Assessor and
Collector of Taxes and every person collecting money for the City
of Pearland to deliver to the City Treasurer and the City Manager,
at the time of depositing of any monies, a statement showing to
what fund such deposit should be made, 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 on second and final reading.
PASSED AND APPROVED on FIRST READING this the o2 ' day of
, 1994
C . V . Cger, Muror
ATTEST:
Pat Jones., 'ity Secretary, TRMC
PJ SSEDAND APPROVED ON SECOND AND FINAL READING this /Zi day
, A. D., 1994.
ATTEST:
Pat -Jones, ,lity Secretary, TRMC
APPRO ED AS T FORM:
a - - Yrttrzm-fi-motto
Amy Mo es lcCullough, City Attorney
4./1
C.Cop • i ger, Mdyo_r `