The URL can be used to link to this page

Home My WebLink About02132 ORD - 08/19/1947AN ORDINANCE. PRESCRIBING THE TAXES TO BE LEVIED, ASSESSED AND COLLECTED BY THE CITY OF CORPUS CHRISTI, TEXAS, FOR THE YEAR 1947, AND FOR EACH SUCCEEDING YEAR THEREAFTER, UNTIL OTHERWISE PROVIDED AND ORDAINED AND DECLARING AN EEgRRGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXASs SECTION 1. That there is hereby levied, to be assessed and collected, in current money of the United States of America, for the use of the City of Corpus Christi, Texas, for the year 1947, and for each succeeding year thereafter, until otherwise provided and ordained, an annual direct ad valorem tax of One Dollar ($"1.00) on each One Hun- dred Dollar ($100.00) value thereof, on all property, real, personal and mixed, located within the said City of Corpus Christi, Texas, upon which a tax is authorized to be levied by law, and upon all franchises of all individuals, partners, and corporations holding franchises from said City of Corpus Christi, Texas, said tax to be appropriated to the payment and defrayment of current expenses of the government of said City; and $0.02 of the $1.00 mentioned above is hereby appropriated to the interest and sinking fund of the following; (a) General Funding Warrants, Series 1929, dated November 1, 1929. (b) General Fund Refunding Bonds, Series 1936, dated April 1, 1936. SECTION 2. That there is hereby levied to be assessed and collected in current money of the United States of America, for the use of the City of Corpus Christi, for the year 1947, and for each succeeding year thereafter until otherwise provided and ordained, an annual direct ad valorem tax of $0.25 on each One Hundred Dollars ($100.00) of value thereof, upon all property and franchises described in Section 1 of this Ordinance, said tax to be appropriated and used in making payments for general street improvements and for building bridges in the City of Corpus Christi, Texas, and out of said amount there is hereby appropriated $0.006 of said $0.25 for the purpose of paying interest and to create the necessary sinking fund to pay the followings Storm Sewer Funding 7Varrants, Series 1929, dated January 1, 1929. 2-132-- SECTION 3. That for the purpose of paying interest and pro- viding the necessary sinking funds for the payment of outstanding bonds and bonded indebtedness of the City of Corpus Christi and for paying interest and making provisions for the sinking fund of such future issues as may be authorized, there is hereby levied for the year 1947, and for each succeeding year thereafter, unless otherwise provided and ordained, to be assessed and collected in current money of the United States of America, upon all property and franchises described in Section 1 of this ordinance, an annual direct ad valorem tax of $0.75 on each One Hundred Dollars ($100.00) of value thereof, which said taxes, as and when the same shall be collected, shall be appropriated and credited to the following bond interest and sinking funds of the City of Corpus Christi: (a) Out of said amount of $0.75 there is hereby appropriated $0.344 for the purpose of paying Interest and creating the necessary sinking fund to pay refunding bonds, Series 1936, dated February 1, 1936; (b) Out of said amount of $0.75 there is hereby . appropriated $0.016 for the purpose of paying interest and creating the necessary sinking fund to pay Airport Extension Refunding Bonds, Series 1946, dated July 20, 1946; (c) Out of said amount of $0.75 there is hereby appropriated $0.064 for the purpose of paying interest and creating the necessary sinking fund to pay Sanitary Sewer Improvement and Extension Bonds, Series 1940, dated June 1, 1940; (d) Out of said amount of $0.75 there is hereby appropriated $0.050 for the purpose of paying interest and creating the necessary sinking fund to pay Street Improvement Bonds, Series 1940, dated June 1, 1940. (e) Out of said amount of $0.75 there is hereby appropriated $0.040 for the purpose of paying interest and creating the necessary sinking fund to pay Street Improvement Bonds, Series 1941, dated December 1, 1941. (f) Out of said amount of $0.75 there is hereby appropriated $0.006 for the purpose of paying interest and creating the necessary sinking fund to pay CITY Hall Improvement Bonds, Series 1937, dated February 1, 1937• (g) Out of said amount of $0.75 there is hereby appropriated $0.080 for the purpose of paying interest and creating the necessary sinking fund to pay Street Improvement Bonds, Series 1946, dated December 1, 1946. —2— (h) Out of said amount of $0.75 there is hereby appropriated $0.0140 for the purpose of paying interest and creating the necessary ski inking fund to pay Hospital Bonds, Series 19L41, dated December 1, 1941; (i) Out of said amount of $0.75 there is hereby appropriated $0.004 for the purpose of paying interest and creating the necessary sinking fund to pay Airport Improvement and Drainage Bonds, Series 1941, dated December 1, 19141. (j) Out of said amount of $0.75 there is hereby appropriated $0.010 for the purpose of paying interest and creating the necessary sinking fund to pay Park System Improvement Bonds, Series 19x1, dated December 1, 1941. (k) Out of said amount of $0.75 there is hereby appropriated $0.004 for the purpose of paying interest and creating the necessary sinking fund to pay Fire Station Bonds, Series 1937, dated February 1, 1937- (1) Out of said amount of 30.75 there is hereby appropriated $0.012 for the purpose of paying interest and creating the necessary sinking fund to pay Fire Station Bonds, Series 19la1, dated December 1, 1941. (m) Out of said amount of $0.75 there is hereby appropriated $0.010 for the purpose of paying interest and creating the necessary sinking fund to pay Garbage Disposal Plant Bonds, Series 1941, dated December 1, 191a1. (n) Out of said amount of $0.75 there is hereby appropriated $0.020 for the purpose of paying interest and creating the necessary sinking fund to pay Sanitary and Storm Sewer Improve- ment Bonds, Series 1941, Dated December 1, 1911. (o) Out of said amount of $0.75 there is hereby appropriated $0.010 for the purpose of paying interest and creating the necessary sinking fund to pay City Hall Improvement Bonds, Series 1941, dated December 1, 1941. (p) Out of said amount of $0.75 there is hereby appropriated $0.020 for the purpose of paying interest and creating the necessary sinking fund to pay Civilian Defense Emergency Bonds, Series 19!42, dated April 1, 19L�2. (q) Out of said amount of $0.75 there is hereby appropriated $0.010 for the purpose of paying interest and creating the necessary sinking Puad to pay Fire Department Bonds, Series 19144, dated June 1, 1914. (r) Out of said amount of $0.75 there is hereby appropriated $0.010 for the purpose of paying interest and creating the necessary sinking fund to pay Water District Bonds, Series 1929, dated April 10, 1929. -3- SECTION 4. All taxes for the year 1947 hereby levied shall become due and payable at the office of the Tax Assessor- ColleotCr of the City of Corpus Christi, Texas, on or after the first day of October, A. D. 1947, and if the taxes levied for said year are not paid on or before January 31st next after becoming due, interest shall be charged upon the gross amount of the taxes due and penalty due until paid at the rate of one -half of one per cent for each month or fraction thereof thereafter. Said interest shall be in addition to such penalties as may be hereafter provided for delinquent taxes. SECTION 5. The fact that the passage of an ordinance for the levying of taxes for the City of Corpus Christi for the year 1947 is necessary and important to the people of the City, and the further fact that the preparation and completion of the tax rolls for the year 1947 is dependent on the passage of this ordinance, and in order that said tax roll may be completed and ready for the collection of said taxes, when the same became due and payable as aforesaid creates a public emergency and a public imperative necessity requiring the suspension of the Charter rule providing that no Ordinance or Resolution shall be passed finally on the date it is introduced, and that such Ordinance or Resolution shall be read at three meetings of the City Council, and the Mayor having declared that such public emergency and imperative necessity exist, and having requested that said Chanter rule be suspended and that this Ordinance be finally passed on the date it is introduced, and take effect and be in full force and effect from and after its passage, IT IS ACCORDINGLY SO ORDAINED. PASSED AND APPROVED this day of August, A. D. 1947- City of Corpus Christi, Texas ATTEST. ulTy becretary 7 APPROVED'�4S TO LEGAL FORMS `Ci/ A orn Assistdntlity Attorney Corpus Christi, Texas TO TILL LUJEMS OF TfE CITY COUIXIL Corpus Christi, 'Texas Gentlemen: 1947 For the reasons set forth in the emergency clause of the foregoing ordinance, a public emergency and imperative necessity exist for the suspension of the Charter rule or requirement that no ordinance or resolution shall be passed finally on the date it is introduced, and that such ordinance or resolution shall be read at three meetings of the City Council; I, therefore, hereby request that you suspend said Charter rule or requirement and pass this ordinance finally on the date it is introduced, or at the present meeting of the City Council. Respectfully, IWYOR City of Corpus Christi, Texas The Charter rule was suspended by the following vote: Wesley E. Seale George R. Clark, Jr. John A. Ferris R. R. henry Joe T. Dawson The above ordinance was passed by the following vote: 'Jesley E. Seale George R. Clark, Jr, John A. Ferris R. R. Henry Joe T. Dawson Z/37--