Ord. 0542 09-14-87ORDINANCE NO. 542
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 1987 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 Eighty -Seven upon all property, real,
personal, and mixed within the corporate limits of said City subject
to taxation, a tax of seventy-three and a half cents (.735V) on each
One Hundred Dollars ($100.00) valuation of property, said tax being so
levied and apportioned to the specific purposes herein set forth.
(1) For the maintenance and support of the General
Government (General Fund), the sum of $0.275
on each $100 valuation of property, and
(2) For the Interest and Sinking Fund, the sum of
$0.460 apportioned as follows:.
Water and Sewer System Improvement Bonds
General Obligation Bonds, Waterworks and Sewer
System Improvement Bonds
General Obligation Bonds, Municipal Building
Bonds, Waterworks and Sanitary Sewer Bonds
Series
1964
1966
1968
General Obligation Bonds, Sanitary Sewer,
Parkland Acquisition, Waterworks, and Solid
Waste Disposal Facilities Bonds 1975
Certificate of Obligation 1976 A
Certificate of Obligation - Swimming Pool 1978
General Obligation Bonds 1978
Waterworks System - Certificate of Obligation 1980
Waterworks System - Certificate of Obligation 1981
Refunding Bonds (1982 & 1984) 1985
Improvement Bonds 1986
Garbage Trucks 1986
Rescue Vehicle 1987
1
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
, A. D., 1987.
ATTEST:
City S(scretary
PASSED AND APPROVED on second and Final readin is
day of c7472ri , A. D., 1987.
Mayor
023/ day of
ATTEST:
City Secretary
ATTEST:
/�
Mayor