Ord. 0699 09-11-95ORDINANCE NO. 699
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 1995, AND APPORTIONING EACH LEVY FORTHE 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 -Five 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:
Series
(1) For the maintenance and support of the General Government (General
Fund), the sum of $0.440 on each $100 valuation of property, and
(2) For the Interest and Sinking Fund, the sum of $0.255 apportioned as follows:
Improvement Bonds 1986
Improvement Bonds 1988
Refunding Bonds 1990
Certificate of Obligation 1991
Street Improvement Bonds 1992
Refunding Bonds 1993
Certificate of Obligation 1995
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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 thememe ad ay of
, 1995.
Mayor, City of Pearland
ATTES :
c g
Ci Secretary
PASSFD AND APPROVED on SECOND AND FINAL RING this %r-day of
, 1995.
ATTEST:
Cit S-cretary
Mayor, City of Pearland
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