HomeMy WebLinkAbout259 08-10-1965ORDINANCE NO. 259
AN ORDINANCE ADOPTING THE BUDGET FOR THE CITY OF EULESS,
TEXAS, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1965,
AND ENDING SEPTEMBER 30, 1966; LEVYING TAXES FOR THE
YEAR 1965 TO BE ASSESSED ON ALL TAXABLE PROPERTY WITHIN
THE LIMITS OF THE CITY OF EULESS, TEX11S; AND PROVIDING
PENALTIES AND INTEREST FOR DELINQUENT TAXES, AND PROVID-
ING 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, 1965 -66 was heretofore published at least seven
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, 1965, at the rate of $1.00 per One Hundred Dol-
lar ($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 1965, and said taxes are to be assessed and col-
lected for the purposes hereinafter stipulated, to -wit:
(a) For the General Fund levied on
the $100.00 valuation $0.7200
(b) For the Interest and Sinking Fund
levied on the $100.00 valuation $0,2800
Total Levy
Section Ill
$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
current use, whether operating funds or bond funds in United States Treasury
Bills, Certificates of Deposit, Savings Accounts and /or Time Deposit Open
Accounts in Official City Depositories. Interest accrued from such invest-
ment shall be deposited to the General Fund.
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Section V
That penalties and interest shall accrue to the City of Euless as pro-
vided 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 collect -
Ing delinquent taxes.
Section VI
The fact that the fiscal year begins on October 1, 1965, requires that
this ordinance be effective upon its passage and adoption to preserve the
public peace, property, health and safety, and the rules requiring ordinances
be read and passed on two separate dates is hereby suspended and this ordi-
nance shall be In full force and effect from and after its passage and adop-
tion.
PASSED AND APPROVED this the 10th day of August, 1965.
ATTEST:
City Secretary
APPROVED:
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