1987-1491954L
AN ORDINANCE LEVYING THE AD VALOREM TAX OF THE CITY OF DENTON,
TEXAS, FOR THE YEAR 1987, AT THE RATE OF $0 S928 PER $100 00
ASSESSED EVALUATION ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE
LIMITS OF THE CITY ON JANUARY 1, 1987, NOT EXEMPT BY LAN,
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, Texas, and the Laws of the State of Texas, there is
hereby levied for the year 1987, on all taxable property situated
within the corporate limits of the City of Denton on the first
day of January, 1987, and not exempt by the Constitution and Laws
of the State of Texas or by Section 2 of this Ordinance, a tax of
$0 S928 on each $100 00 assessed value of all taxable property
SECTION II That of the total tax, $0 3884 on each $100 of
assessed value 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, $0 Z044 on each $100 of
assessed 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, $S,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 Constitution, $16,000 00 of the assessed value of resident
homesteads of persons sixty-five {6S) years of age or older,
shall be exempt from City ad valorem taxes
SECTION VI That for enforcement of the collection of taxes
hereby levied, the City of Denton shall have available all rights
and remedies provided by law
SECTION VII That if any section, subsection, paragraph,
sentence, clause, phrase or word in th~s ordinance, or
application thereof to any person or circumstances xs held
invalid by any court of competent 3urlsd~ct~on, such holding
shall not affect the validity of the remaining portions of this
ordinance, and the C~ty Council of the C~ty of Denton, Texas,
hereby declares it would have enacted such remaining portions
despite any such invalidity
SECTION VIII That th~s ordinance shall be effective upon
~ts passage and approval
PASSED AND APPROVED this the /~day of September, 1987
RAY S~P~ENS, /MAYOR
ATTEST
jE~I~ER-~AT~TERS, CItY S~CRETARY
APPROVED AS TO LEGAL FORM
DEBRA ADAMI DRAYOVITCH, CITY ATTORNEY
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