HomeMy Public PortalAbout1415-1950 - Fixing ther tax rate for 1951ORDINANCE NUMBER 1415-1950
AN ORDINANCE FIXING THE RATE AND AMOUNT OF TAXES FOR MUNICIPAL PURPOSES
TO BE LEVIED ON PROPERTY AND POLLS WITHIN THE CITY'OF RICHMOND, WAYNE
COUNTY, INDIANA, FOR THE YEAR 1950 AND COLLECTED IN 1951, AND PROVID-
ING FOR THE TAKING EFFECT THEREOF.
SECTION-'.1. BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF
RICHMOND, -WAYNE COUNTY, INDIANA, that the -amount of taxes to be levied,
on property and polls within the City of Richmond, Wayne County, Ind-
iana, for the year 1950, to collected in 1951, shall be $436,454,17,
and that the rate of such tax and the purpose thereof shall be as
follows:
A. For the General Fund of said City, the levy shall be $0.66
on each One Hundred Dollars assessed valuation, and this shall be
placed in the said General Fund with monies raised by poll tax which
sum will be $345,384.96.
B. For the General Sinking Fund of said City for the purpose of
gt�ing interest and principal on bonded'indebtedness, etc., of said
y, on each One Hundred Dollars assessed valuation, there shall be
levied $6.145.
C. For the Police Pension Fund of said City, on each One Hundred
Dollars assessed valuation, there shall be levied $0.02.
D. For the City Planning Commission Fund of said City, on each
One Hundred Dollars assessed valuation, there shall be levied s0.01.
E. And there shall also be assessed and collected on each taxable
poll within the City of Richmond, Wayne County, Indiana, the sum of
$0.25, making a total tax rate on roperty within the City of Richmond,
Wayne County, Indiana, the sum of 30.835 on each One Hundred Dollars
assessed valuation.
SECTION 2. Said Taxes shall be collected and paid and allocated
as provided by an ACT of the General Assembly of the State of Indiana,
entitled, "AN ACT GOVERNING MUNICIPAL CORPORATIONS", approved March
6, 1905, and subsequent parts thereto amendatory and/or supplemental
thereto or therefor.
SECTION 3. This Ordinance shall be in full force and effect from
and after its passage by the Common Council, properly signed by the
President thereof, submission to and the approval of the Mayor, and
with notice as is required by law.
` PASSED by the Common Council of the Ci of Richmond, Indiana
this,,Qday of,1950.
PRESIDENT OF COMMON COUNCIL
ATTEST:
CITY ERK
PRESENTED, by me Ather J. Reeg, City -Clerk of Richmond, Indiana
to Hd)n. Lester E. Meadows,, Mayor of said City this y ,
1950. at 9r.� o l9. M.
APPROVED b me, Leste E. Meadows, Mayor of the City of Richmond,
Indiana, this day of 2195 , at o�clock 6 M.
47-
MAYOR OF RICHMOND INDIANA.