Ord. 0738 09-09-96ORDINANCE NO. 738
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
1996, 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 Govemment of the City of Pearland, Texas, and to provide
Interest and Sinking Fund for the Year Nineteen Hundred and Ninety -Six 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 Govemment (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:
Series
Improvement Bonds 1986
Improvement Bonds 1988
Refunding Bonds 1990
Certificate of Obligation 1991
Street Improvement Bonds 1992
Refunding Bonds 1993
Certificate of Obligation 1995
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 an day of
, 1996.
ATTES
Yo C. Benitez
City Secretary
Tom Reid
Mayor
P SESAND APP OVED ON SECOND AND FINAL READING this etet day
of , A. D., 1996.
Tom Reid
Mayor
APP VED AS TO FORM:
m M es Sole gh
OUceis
City Attomey