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Ordinance No. 505ORDINANCE N0. 505 • AN ORDINANCE FIXING THE RATE AND TAX LEVY FOR THE CITY OF BAYTOWN, TEXAS, FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 1959, UPON ALL TAXABLE PRO- PERTY IN SAID CITY OF BAYTOWN, TEXAS, IN CONFORM- ITY WITH THE LAWS OF TEXAS AND THE CHARTER PROV- SIONS AND THE ORDINANCES OF SAID CITY; AND REPEAL- ING ALL ORDINANCES OR PARTS OF ORDINANCES IN CON- FLICT HEREWITH. B& IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That there shall be and is hereby levied and shall be assessed and collected for the year ending September 30, 1959, an,ad valorem tax of One and 72/100 ($1.72) Dollars on each One Hundred ($100.00) Dollars worth of property located within the present City Limits of the City of Baytown, made taxable by law, which said taxes when collected shall be apportioned among funds and departments of City Government ® of the City of Baytown and for the purpose hereinafter set forth as follows; to-wit- V For the General Fund 1.52 For the purpose of paying the accru- ing interest and to provide a sinking fund for the payment of the bonded in- debtedness of the City of Baytown. .20 Section 2: The ad valorem tax rate of One and 72/100 Dollars as set forth in Section 1, above, is hereby levied and shall be assessed and collected on only Fifty (50 %) Percent of each One Hundred ($100.00) Dollars worth of property located within Baytown, as valued by the Equalization Board for the City of Baytown, and made taxable by law. Section 3: The City Tax Assessor and Collector of the City of Baytown is hereby directed to assess, extend and enter upon the tax rolls of the City of Baytown.. Texas, for the Current Year, the amounts and rates herein levied, and keep a correct account of same, and when so collected, the same to be deposited in the depository of the City of Baytown, to be distributed in accordance with this ordinance. Section 4: All ordinances or parts of ordinances -Jin conflict herewith are ex- pressly repealed. READ, ADOPTED and APPROVED by the affirmative vote of a majority of the City.: Council of the City of Baytown.. Texas, at a regular meeting held at the City Hall on August 28, 1958. ATTEST: Edna Oliver, City Clerk �Y C R. .Pruett, Ma or