Ord. 1468 2012-09-24ORDINANCE NO.1468
AN ORDINANCE ADOPTING A TAX RATE OF $0.7051 AND 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 2012.
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 Two Thousand Eleven upon all property, real,
personal, and mixed within the corporate limits of said City subject to taxation, a tax of
$0.7051 on each One Hundred Dollars ($100.00) valuation of property, said tax being
so levied and apportioned for the specific purpose herein set forth:
(1) For the maintenance and support of the General Government (General Fund),
the sum of $0.2151 on each $100 valuation of property, and
(2) For the Interest and Sinking Fund, the sum of $0.4900.
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
ORDINANCE NO.1468
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.
PASSED and APPROVED ON FIRST READING this the 17th day of September,
A.D., 2012.
ATTEST:
E.r
TOM REID
MAYOR
PASSED and APPROVED ON SECOND and FINAL READING this the 24th day
of September, A. D., 2012.
ATTEST:
APPROVED AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY
TOM REID
MAYOR
El
2