HomeMy WebLinkAbout234 09-22-1964ORDINANCE NO.234
AN ORDINANCE ADOPTING THE BUDGET FOR THE CITY OF
EULESS, TEXAS, FOR THE FISCAL YEAR BEGINNING OCTOBER
1, 1964, AND ENDING SEPTEMBER 30, 1965; LEVYING TAXES
FOR THE YEAR 1964 TO BE ASSESSED ON ALL TAXABLE PRO-
PERTY WITHIN THE LIMITS OF THE CITY OF EULESS, TEXAS;
AND PROVIDING PENALTIES AND INTEREST FOR DELINQUENT
TAXES, AND PROVIDING FOR THE INVESTMENT OF IDLE FUNDS:
WHEREAS, notice of a public hearing on the Budget for the City of Euless,
Texas, for the fiscal year, 1964 -65 was heretofore published at least seven
(7) days in advance of said hearing, and
WHEREAS, a public hearing was duly held and all interested persons were
given an opportunity to be heard for or against any item therein,
NOW, THEREFORE' BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EULESS,
TEXAS:
Section I
That a tax is hereby levied upon all taxable property in the City of
Euless, Texas, for the year, 1964, at the rate of $1.00 per One Hundred
Dollar ($100.00) valuation.
Section II
That there shall be and there is hereby levied the following taxes on
each one hundred ($100.00) dollar valuation on all taxable property within
the City of Euless, Texas, to be assessed and collected by the Tax Assessor
and Collector for the year 1964, and said taxes are to be assesed and col-
lected for the purposes hereinafter stipulated, to -wit:
(a) For the General Fund levied on
the $100.00 valuation $0.7525
(b) For the Interest and Sinking Fund
levied on the $100.00 valuation $0.2475
Total Levy
Section III
$1.0000
That the City Manager be and is hereby authorized to make intra=de-
partment and /or intra -fund transfers during the fiscal year as become nec-
essary, in order to avoid over expenditure of a particular account.
Section IV
That the City Manager is authorized to invest any funds not needed for
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current use, whether operating funds or bond funds in United State Trea-
sury Bills, Certificates of Deposit, Savings Accounts and /or Time Depos-
it Open Accounts in Official City Depositories. Interest accrued from
such investment shall be deposited to the General Fund.
Section V
That penalties and interest shall accrue to the City of Euless as
provided by Section 6, Article IX of the Euless City Charter and as
authorized by the statutes of the State of Texas and that such penalties
and interest as so provided are hereby adopted and shall accrue to the
City of Euless when city taxes become delinquent. The City of Euless is
— hereby authorized to adopt any and all legal remedies provided by the
Revised Civil Statutes of the State of Texas and the Euless City Charter
for the purpose of collecting delinquent taxes.
Section VI
The fact that the fiscal year begins on October 1, 1964, requires
that this ordinance be effective upon its passage and adoption to pre-
serve the public peace, property, health and safety, and the rules requir-
ing ordinances to be read and passed on two separate dates is hereby
suspended and this ordinance shall be in full force and effect from and
after its passage and adoption.
PASSED AND APPROVED this the 22nd day of September, 1964.
ATTEST;
City Secretary
APPROVED;
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Mayor