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Ordinance No. 4,26850926 -2 ORDINANCE NO. 4268 AN ORDINANCE FIXING THE RATE AND TAX LEVY FOR DEBT SERVICE FOR THE CITY OF BAYTOWN FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 1986, UPON ALL TAXABLE PROPERTY IN SAID CITY OF BAYTOWN IN ACCORDANCE WITiH THE LAWS OF THE STATE OF TEXAS AND THE CHARTER PROVISIONS AND ORDINANCES OF SAID CITY; AND REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT THEREWITH. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: There shall be and is hereby levied and shall be assessed and collected for the year ending September 30, 1986, an ad valorem tax of $ .1979 for each ONE HUNDRED ($100.00) DOLLARS of assessed value of property located within the city limits of the City of Baytown on January 1, 1985, made taxable by law, which said taxes, when collected, shall be used to pay Debt Service of the City of Baytown. Section 2: The ad valorem tax rate of $ .1979 as set forth in Section 1, is hereby levied and shall be assessed and collected on one - hundred (100 %) percent of each ONE HUNDRED ($100.00) DOLLARS worth of property located within the city limits of the City of Baytown on January 1, 1985, as valued by the Harris County Appraisal [District and made taxable by law. Section 3: The 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 to keep a current account of same. All collection of such taxes, as well as collection of taxes owned for prior years, to include penalty and interest thereof, shall be deposited in the official depository of the City of Baytown to be distributed between the General Fund and the Debt Service on a basis determined by the percentage that each bear to the total tax rate. Section 4: All ordinances or parts of ordinances in conflict herewith are expressly repealed. Section 5: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ, and PASSED by the affirmative vote of the City Council of the City of Baytown, this the i ATTEST: ' n � 7 EILEEN P. HALL, City Clerk APPROVED: RAN B. STRONG, ttorney