HomeMy WebLinkAbout1971-008 NO ~/ ~ ~
AN ORDINANCE CORRECTING ORDINANCE NO 70-33 ADOPTING THE BUDCET
FOR THE'CITY OF DENTON, TEXAS, FOR THE FISCAL YEAR BEGINNING
OCTOBERI1, 1970, AND ENDING ON SEPTEMBER 30, 1971, AS SAME
APPLIES TO THE ALLOCATION OF TAXES LEVIED FOR THE YEAR 1970 TO
BE ASSESSED ON ALL TAXABLE PROPERTY WITHIN THE LIMITS OF THE
CITY OF DENTON, TEXAS, SUBSTITUTING THE CORRECT ALLOCATION OF
LEVY, AND DECLARING AN EFFECTIVE DATE
WHEREAS, Ordinance No 70-33 was passed and approved the
22nd day of September, 1970, after a public hearing on the sa~d
budget was duly held and all interested persons were a~ven an
opportunity to be heard for or against any ltem thereof, and
WHEREAS, the allocation of the levy is made to insure that
deposits in the Interest and Redemption funds of taxes collected
during the year ending September 30, 1970, will total $644,140 00,
but is not intended to exceed that amount, and
WHEREAS, said ordlnance was in error as same applies to the
allooatl~on of the tax levy of $1 50 on each one hundred dollar
valuatloh, as provided ~n Section III of said Ordinance No 70-33,
as a result only of a mathmatlcal computation, which shall hereby
be corrected, now therefore
THEI COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY ORDAIN~
PAR~ ONE
Tha~ Seotlon III of Ordinance No 70-33 adopting the budget
for the C~ty of Denton, Texas, for the fiscal year be~lnnlnq on
October 1, 1970, and ending on September 30, 1971, prov~dlnq the
tax levy and the fund allocation of said levy, ~s hereby repealed,
and the following Section III substituted therefore, to-wit
SECTION III
That there shall be, and there ~s hereby lev~ed, the follow-
lng taxes on each one hundred dollar ($100 00) valuation on all
taxable property wlthln the City of Denton, Texas, to be assessed
and collected by the Tax Assessor and Collector for the year 1970
and said taxes are to be assessed and collected for the purposes
stipulated as follows, to-w~t
(a) For the General Fund allocation on the
$100 00 valuation $ 6239
(b) For the Interest and Redemption Funds
on outstanding bonded indebtedness on
the $100 00 valuation 8761
Total Allocation of Levy $1 50
PART TWO
This ordinance shall be effective immediately upon its
passage
PASSED and APPROVED this 23rd day of March, A D 1971
ALEXANDER M FI~LAY, JRf4/5{A~OR
CITY OF DENTON, TEXAS ~
ATTEST
BROOKS HOLT, CITY SECRETARY
CITY O~ DENTON, TEXAS
APPROVED AS TO LEGAL FORM
JA~ Q BARTON, CITY ATTORNEY
OF DENTON, TEXAS