The URL can be used to link to this page

Home My WebLink About02826 ORD - 07/25/19507/21+/50 (5 ) AN ORDINANCE PRESCRIBING THE TAXES TO BE LEVIED, ASSESSED AND COLLECTED BY THE CITY OF CORPUS CHRISTI, TEXAS, FOR THE YEAR 1950, AND FOR EACH SUCCEED- ING YEAR THE:EAFTER, UNTIL OTHNMVISE PROVIDED AND ORDAINED, AND DECLARING AN aERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: 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 1950 and for each succeeding year thereafter, until otherwise provid- ed and ordained, an annual direct ad valorem tax of One Dollar $1.00) on each One Hundred Dollars ($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 corporationsholding franchises from said City of Corpus Christi, Texas, said tax to be appropriated to the pay- ment and defrayment of current expenses of the government of said City; and $0.02 of the $1.00 mentioned above is hereby ap- propriated 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 1950, 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. 2_!9Z(p SECTION 3, That for the purpose of paying interest and providing the necessary sinking funds for the payment of outstand- ing 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 here- by levied for the year 1950, and for each succeeding year there- after, 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, Texas: (a) Out of said amount of $0.75 there is hereby appropriated $0.209 for the purpose of paying interest and creat- ing 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 $0.008 for the pur- pose of paying interest and creating the necessary sinking fund to pay Municipal Auditorium Bonds, Series 1950, dated January 15, 1950; (c) Out of said amount of $0.75 there is hereby appropriated $0.012 for the pur- pose of paying interest and creating the necessary sinking fund to pay Police Building Bonds, Series 1950, dated January 15, 19503 (d) Out of said amount of $0.75 there is hereby appropriated $0. 32 for the pur- pose of paying interestland creating the necessary sinking fund to pay Storm Sewer Bends, Series 1950, dated January 15, 1950; (e) Out of said amount of $0.75 there is hereby appropriated $0.005 for the pur- pose of paying interest and creating the necessary sinking fund to pay Street Traffic Control System Bonds, series 1950, dated January 15, 1950; (£) Out of said amount of $0.75 there is hereby appropriated $0.018 for the purpose of paying interest and creat- ing the necessary sinking fund to pay Airport Extension Refunding Bonds, Series 1946, dated July 20, 1946; (g) Out of said amount of $0.75 there is hereby appropriated $0.046 for the purpose of paying interest and creat- ing the necessary sinking fund to pay Sanitary Sewer Improvement and Exten- sion Bonds, Series 1940, dated June 1, 1940; (h) Out of said amount of $0.75 there is hereby appropriated $0.036 for the purpose of paying interest and creat- ing the necessary sinking fund to pay Street Improvement Bonds, Series 1940, dated June 1, 1940; (i) Out of said amount of $0.75 there is hereby appropriated $0.020 for the pur- pose of paying interest and creating the necessary sinking fund to pay Street Improvement Bonds, Series 1941, dated December 1, 1941; (j) Out of said amount of $0.75 there is hereby appropriated $0.024 for the purpose of paying interest and creat- ing the necessary sinking fund to pay City Hall Bonds, Series 1950, dated January 15, 1950; (k) out of said amount of $0.75 there is hereby appropriated $0.041 for the pur- pose of paying interest and creating the necessary sinking fund to pay Street Im- provement Bonds, Series 1946, dated December 1, 1946; (1) Out of said amount of $0.75 there is hereby appropriated $0.012 for the pur- pose of paying interest and creating the necessary sinking fund to pay Street Improvement Bonds, Series 1950, dated January 15, 1950; (m) Out of said amount of $0.75 there is hereby appropriated $0.028 for the pur- pose of paying interest and creating the necessary sinking fund to pay Hospital Bonds, Series 1941, dated December 1, 1941, (n) Out of said amount of $0.75 there is hereby appropriated $0.006 for the pur- pose of paying interest and creating the necessary sinking fund to pay Park System Improvement Bonds, Series 1941, dated December 1, 1941; (o) Out of said amount of $0.75 there is hereby appropriated $0.008 for the purpose of paying interest and creating the necessary sinking fund to pay Public Park Bonds, Series 1950, dated January 15, 1950; (p) Out of the amount of $0.75 there is hereby appropriated $0.007 for the purpose of paying interest and creat- ing the necessary sinking fund to pay Airport Improvement and Drainage Bonds, Series 1941, dated December 1941; (q) Out of said amount of $0.75 there is hereby appropriated $0.008 for the pur- pose of paying interest and creating the necessary sinking fund to pay Fire Station Bonds, Series 1941, dated December 1, 1941; (r) Out of said amount of $0.75 there is hereby appropriated $0.005 for the pur- pose of paying interest and creating the necessary sinking fund to pay Fire Sta- tion Bonds, Series 1950, dated January 15, 1950; (s) Out of said amount of $0,75 there is hereby appropriated $0.006 for the pur- pose of paying interest and creating the nocessary sinking fund to pay Garbage Disposal Plant B nds, Series 1941, dated December 1, 1941; (t) Out of said amount of $0.75 there is hereby appropriated $0.0111 for the pur- pose of paying interest and creating the necessary sinking fund to pay Sanitary and Storm Sewer Improvement Bonds, Series 1941, dated December 1, 1941; (u) Out of said amount of $0.75 there is hereby appropriated $0.006 for the pur- pose of paying interest and creating the necessary sinking fund to pay City Hall Improvement Bonds, Series 1941, dated December 1, 1941; (v) Out of said amount of $0.75 there is here- by appropriated $0.011 for the purpose of paying interest and creating the necessary sinking fund to pay Civilian Defense Em- ergency Bonds, Series 1942, dated April 1, 1942; (w) Out of said amount of $0.75 there is here- by appropriated $0.008 for the purpose of Paying interest and creating the necessary sinking fund to pay Fire Department Bonds, Series 19440 dated June 1, 1944; W Out of said amount of $0.75 there is hereby appropriated $0.004 for the pur- pose of paying interest and creating the necessary sinking fund to pay Water District Bonds, Series 1929, dated April 10, 1929; (y) Out of said amount of $0.75 there is hereby appropriated $0.008 for the pur- pose of paying interest and creating the necessary sinking fund to pay Airport Improvement Bonds, Series 1948, dated June 1, 1948; (z) Out of said amount of $0.75 there is hereby appropriated ;0.011 for the pur- pose of paying interest and creating the necessary sinking fund to pay Park Bonds, Series 1948, dated June 1, 1948; (as) Out of said amount of $0.75 there is hereby appropriated $0.059 for the pur- pose of paying interest and creating the necessary sinking fund to pay Storm Sewer Bonds, Series 1948, dated June 1, 1948; (ab) Out of said amount of $0.75 there is hereby appropriated $0.041 for the pur- pose of paying interest and creating the necessary sinking fund to pay Sanitary Selver Improvement Bonds, Series 1948, dated June 1, 1948; (ac) Out of said amount of $0.75 there is here- by appropriated $0.027 for the purpose of paying interest and creating the necessary sinking fund to pay Street Improvement Bonds, Series 1948, dated June 1, 1948; (ad) Out of said amount of $0.75 there is hereby appropriated $0.010 for the purpose of pay- ing interest and creating the necessary sink- ing fund to pay Waterworks Improvement Bonds, Series 1941, dated December 1, 1941; SECTION 4. All taxes for the year 1950 hereby levied shall become due and payable at the office of the Tax Assessor - Collector of the City of Corpus Christi, Texas, on or after the first day of October, A.D. 1950, 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 (1/2 of I%) for each month or fraction thereof there- after. 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 1950, 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 1950 is dependent on the passage of this or- dinance, and in order that said tax roll may be completed and ready for the collection of said taxes, when the same become 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 several meetings of the City Council and the Mayor having declared that such public em- ergency and necessity, exist, and having requested that said Charter 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 OR- DAINED. PASSED AND APPROVED, This .2,S-;9( day of July, A. D. 1950. JOR CPZD-TErA� OF THE ITY OF CORPUS CHRISTI, TEXAS TEST: kiws .4- r - ary APPROVED AS TO I�{A`GAL� Ci y A rney , Corpus Christi, Texas Y , 1950 TO THE LEMERS OF THPs CITY COUNCIL Corpus Christi, Texas Gentlemen: For the reasons set forth in the emergency clause of the fore- going 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, 6; r�Y ft0- Tlt vM..� City f Coristi, Texas The Charter rule vas suspended by the following vote: Leslie Wasserman - Jack DeForrestp Barney Cott �- Sydney E. Herndon' O1 George L. Lmvman ` The above ordinance was passed by the following vote: Leslie 4."seniian 1. A� 11. Jack DeForrest Barney Cott Aw- Sydney E. Herndon —°- George L. Lmvmen 2_Y