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1989-1212775L ORDINANCE NO 89 -/Z/ AN ORDINANCE LEVYING THE AD VALOREM ALLTATAX OF THE CITY OF XABLE PROPERTY W TH NNTON, TEXAS, FOR THE YEAR 1989) CORPORATE LIMITS OF THE CITY ON JANUARY 1 , 1989 , NOT EXEMPT BY LAW, PROVIDING REVENUES FOR PAYMENT OF CURRENT MUNICIPAL EXPENSES, AND FOR INTEREST AND SINKING FUND ON OUTSTANDING CITY OF DENTON BONDS, PROVIDING FOR LIMITED EXEMPTIONS OF CERTAIN HOMESTEADS, AN L EFFECTIVE ATEIDING FOR A O , AND PROVIDING COLLECTIONS SEVERABILITY CLAUSE THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS SECTION I That by authority of the Charter of the City of Denton, Texas, and the Laws of the State of Texas, there is hereby on all taxable property situated within levied for the year 1989, the corporate limits d not exempt byythe of Denton on the first day o Constitution and Laws of the January, 1989, and onaeach of $100 Texas 00 Section of 6183 SECTION II That of the total tax, $ 4097 on each $100 00 of asses se va ue shall be distributed to the General Fund of the City to fund maintenance and operation expenditures of the City SECTION III That of the total tax, $ 2086 on each $100 00 of assesse va ue shall be distributed to pay the City's debt service as provided by Section 26 04(e) (3) of the Texas Property Tax Code SECTION That , pursuant Article VIII, valueo of esi- the Texas Conns stitution $5,000 dent homesteads, shall be exempt from City ad valorem taxes SECTION V That pursuant to Article VIII, Section 1-b of the five the assessed flageo or Bolder, Texas-Z-on--st-1-tut: ion, sons 18,00 00 of homesteads of f p per shall be exempt from City ad valorem taxes SECTION VI That for enforcement of the collection of taxes here y eV e , the City of Denton shall have available all rights and remedies provided by law SECTION VII That if any section, subsection, paragraph, sentence, c ause, phrase or word in this ordinance, or application thereof to any person or circumstance such holdingel hall a not b affect othe of competent j f this ordinance, and the validity of the remaining portions o City Council of the City of Denton, Texas, hereby declares it would have enacted such remaining portions despite any such invalidity SECTION VIII imme ate y upon its That this ordinance passage and approval PASSED AND APPROVED this the 19th day shall become effective of September, 1989 OR RAY S ATTEST JENNIFER WALTERS, CITY SECRETARY BY APPROVED AS TO LEGAL FORM DEBRA ADAMI DRAYOVITCH, CITY ATTORNEY BY CERTIFICATE OF CITY SECRETARY THE STATE OF TEXAS COUNTY OF DENTON CITY OF DENTON I, the undersigned, City Secretary of the City of Denton, am Ecustodian, thatcording to the Texas record s(of e the 1City of O which HEREBY the attached is a true and accurate copy of Ordinance No 89-121 as approved by the City of Denton City Council on the 19th of September 1989 TO CERTIFY WHICH, witness my official nsigh ature ' a19d qhe seal of said City, this the R- y e tary 1 y of nton, Texas 0469C _x r t I r 5 t I t t t t t ! t t I ~ t I I' I i € i i I it t r f 1 4 i t i r i t I a