Ord. 0920 09-13-99ORDINANCE NO. 920
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
1999, 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 -Nine
upon all property, real, personal, and mixed within the corporate limits of said City
subject to taxation, a tax of $0.6950 on each One Hundred Dollars ($100.00) valuation
of property, said tax being so levied and apportioned to the specific purpose herein set
forth:
(1) For the maintenance and support of the General Government (General
Fund), the sum of $0.4400 on each $100 valuation of property, and
For the Interest and Sinking Fund, the sum of $0.2550 apportioned as
follows:
Series
Improvement Bonds 1988
Refunding Bonds 1990
Certificates of Obligation 1991
Street Improvement Bonds 1992
Refunding Bonds 1993
Certificates of Obligation 1995
Certificates of Obligation 1997
Certificates of Obligation 1997A
Certificates of Obligation 2000
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ORDINANCE NO. 920
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
Director of Finance, 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 Director of Finance 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 or�
c3rd day of
A -On St. , A. D., 1999.
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TOM REID
MAYOR
ORDINANCE NO. 920
ATTEST:
4 /LI/
•i NG it - G
Y Sr`' TAR
PASSED and APPROVED ON SECOND AND FINAL READING this the
/3—Fday of /or fe , A. D., 1999.
ATTEST:
APPROVED AS TO FORM:
0„../y 646,
DARRIN M. COKER
CITY ATTORNEY
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TOM REID
MAYOR