HomeMy WebLinkAbout477AN ORDINANCE C~ ~E Ct!~~ OF SAI~FOPJ), FLORIDA,
DETER~[~IiING THE ~lt0UNT A~D FlXi~G TH]~ RATE OF
TAXATION ZND IvL~LING TH~ ~.E~UAL TAX LEVY OF
THE CITY OF SA~0RD, FLOUqIDA, FOR T~. YEAR 1950.
BE IT ~ACTED BY THE PEOPLE 0F THE CITY OF SfG~FoRD, FLORIDA:
Section 1. That the amount determined necessary to be raised
by taxation in the City of Sanford, Florida, for the year 1950, for the
ordinary purposes of the Municipality and the Department of Debt service
is the su~ of $196,500.00.
Section 2. That the millage for the year 1950 to be assessed
upon each dollar of the assessed valuation of all of the taxable property,
except Homesteads to the assessed value of $5,000.00 or less, within
the corporate limits of the City of Sanford, Florida, is hereby fixed
at 17.4000 mills, to be allocated as follows:
Department of General Government 8.4000 mills
Department of Debt Service 9.0000 mills
Section 3. That the millage for the year 1950 to be assessed
upon each dollar of the assessed valuation of allHomesteads to the
assessed value of $5,000.00 or less within the corporate limits of the
City of Sanford, Florida, is hereby fixed at 9.0000 mills, to be allocated
as follows:
Department
Section 4.
of Debt Service 9.0000 mills
That there shall be and is hereby levied for the
year 1950 upon each dollar of the assessed valuation ~ all taxable
property, except Eomesteads to the assessed value of $5,000.00 or less,
within the corporate limits of the City of Sanford, Florida, a tax of
8.4000 mills for the purpose of realizing a sum sufficient to meet and
defray the necessary ordinary running and operating expenses of the
City ~ Sanford, Florida, for the fiscal year beginning October l, 1950,
and ending September 30, 1951.
Section 5. That there shall be and is hereby levied for the
year 1950 upon each dollar of the assessed valuation ~ all taxable prop-
-l-
erty within the corporate limits of the City of Sanford, Florida, a
tax of V.9255 mills for the purpose of realizing a sum sufficient to
pay interest coupons maturing March l, 1951, and September l, 1951,
on Refunding Bonds Series A, of the City of sanford, Florida, dated
~arch l, 193V, and maturing september l, 19~, and to create a sinking
Fund for the purchase or acquiring of bonds of said Series A; a tax
of .81~4 mills for the purpose of realizing a sum sufficient to pay in-
terest coupons maturing L'arch l, 1951, and September l, 19Ol, on Refund-
ing Bonds Series C, D and E, of the City cf Sanford, Florida, dated
~.~arch l, 1941, and maturing September l, 19~, and to create a Sinking
Fund for the purchase or acquiring of bonds of said Series C, D and E;
and a tax of .2591 mills for the purpose of realizing a sum sufficient
to pay outstanding notes, contracts and interest thereon maturing dur-
ing current fiscal year.
Section 8. That all Ordinances or p~ts of Ordinances in
conflict herewith be and the same are hereby repealed.
Section 7. That this ordinance
diately upon its passage and adoption.
PAS~D A~D f~DOPTED this 2gth
shall become effective imme-
day of september ,,1950.
~.layor. f
As the City C~u!s$ion of the
City of Sar~ord, Florida.
- 2 -
I, H. N. Sayer, City Clerk of the City of Sanford,
Florida, hereby certify that s true and correct copy of
the foregoing Ordinance No. 477, passed and adopted by the
City Conu~!ss~on of the City of Sanford, Florida, on the
2Sth day of September, 1950, ~as POSTED at tn~ front door
of the City Hall in the City cf S~nford, Florida, thds the
5th day of October, 1~50.