1988-1522502L
NO
AN ORDINANCE LEVYING THE AD VALOREM TAX OF THE CITY OF DENTON,
TEXAS, FOR THE YEAR 1988, ON ALL TAXABLE PROPERTY WITHIN THE
CORPORATE LIMITS OF THE CITY ON JANUARY 1, 1988, 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, PROVIDING FOR ENFORCEMENT OF COLLECTIONS, PROVIDING
FOR A SEVERABILITY CLAUSE, AND PROVIDING AN EFFECTIVE DATE
THE COUNCIL OF THE CITY OF DENTON, TEXAS HEREBY ORDAINS
SECTION I That by authority of the Charter of the City of
Denton, exas, and the Laws of the State of Texas, there is here-
by levied for the year 1988, on all taxable property situated
within the corporate limits of the City of Denton on the first
day of January, 1988, and not exempt by the Constitution and Laws
of the State of Texas or by Section 2 of this Ordinance, a tax of
$ 5928 on each $100 00 assessed value of all taxable property
SECTION II That of the total tax, $ 3713 on each $100 00 of
assesse 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, $ 2165 on each $100 00
of assesseT value 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 IV That pursuant to Article VIII, Section 1-b of
the Texas -Constitution, $5,000 00 of the assessed value of
resident homesteads, shall be exempt from City ad valorem taxes
SECTION V That pursuant to Article VIII, Section 1-b of the
Texas C~ onst1-tution, $17,000 00 of the assessed value of resident
homesteads of persons sixty-five (65) years of age or older,
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
sentence; dose, phrase
application thereof to any
by any court of competent
affect the validity of the
and the City Council of
any section, subsection, paragraph,
or work in this ordinance, or
person or circumstance is held invalid
jurisdiction, such holding shall not
remaining portions of this ordinance,
the City of Denton, Texas, hereby
declare it would have enacted such remaining portions despite any
such invalidity
SECTION VIII That this ordinance shall become effective
imme ate y upon its passage and approval
PASSED AND APPROVED this theG?e-~day of 1988
RAY S YPHNS, MAYOR
ATTEST
F L E , CITY SECRETARY
Y~ APPROVED AS TO LEGAL FORM
DEBRA ADAMI DRAYOVITCH, CITY ATTORNEY
BY 2d-
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