HomeMy WebLinkAbout618 ORDINANCE NO. 6111
AN ORDINANCE OF THE CITY OF SANFORD,
FLORIDA, DETERMINING THE AMOUNT AND
FIXING THE RATE OF TAXATION AND MAKING
THE ANNUAL TAX LEVY OF THE CITY OF
SANFORD, FLORIDA FOR THE YEAR 1957-1958.
BE IT ENACTED BY THE PEOPLE OF ~IE CITY OF SANFORD~ FLORIDA:
SECTION 1: That the amount determined necessary to be raised
by taxation in the City of Sanford, Florida for the year 1957-1958 for
the ordinary purposes of the Municipality and the Department of Debt
Service is the sum of $329,446.00.
SECTION 2: That the millage for the year 1957-1958 be assessed
upon each dollar of the assessed valuation of all the taxable property, ex-
cept homesteads to the assessed value of $5,000.00 or less, within the
corporate limits of the City of Sanford, Florida, is hereby fixes at 15
mills, to be allocated as follows: Department of General Government,
9 mills; Department of Debt Service, 6 mills.
SECTION 3: That the millage for the year 1957-1958 to be
assessed upon each dollar of the assessed valuation of all 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 6 mills to be allocated
as follows: Department of Debt Service, 6 mills.
SECTION 4: That there shall be and is hereby ievied for the
year 1957-1958 upon each dollar of the assessed valuation of all taxable
property, except homesteads to be assessed to the assessed value of
$5,000.00 or Iess, within the corporate limits of the City of $anford,
Floridg, a tax of 9 mills for the purpose of realizing a sum sufficient
to meet and defray the necessary and ordinary running and operating
Deput.~'
expenses of the City of Sanford, Florida, for the fiscal year
beginning October 1, 1957 and ending September 30, 1958.
SECTION 5: That there shall be and is hereby levied for
the year 1957-1958 upon each dollar of the assessed valuation of
all taxable property within the corporate limits of the City of
Sanford, Florida, a tax of 5. 5743 mills for the purpose of real-
izing a sum sufficient to pay interest coupons maturing March 1,
1958 and September 1, 1958 on refunding bonds Series A, of the
City of Sanford, Florida, dated March 1, 1937, and maturing
September 1, 1977, and to create a sinking fund for the purpose
of acquiring of bonds of said Series A; a tax of. 3970 mills for
the purpose of realizing a sum sufficient to pay interest coupons
maturing March I, 1958 and September l, 1958 on refunding lxrds
Series C, D and E of the City of Sanford, Florida dated March l,
1941, and maturing September [, 1977, and to create a sinking fund
for the purpose of acquiring of bonds of said Series C, D and E; a
tax of. 0287 mills for the purpose of realizing a sum sufficient to
pay outstanding notes, contracts and interest thereon maturing
during current fiscal year.
SECTION 6: That this ordinance shall become effective
on October 1, 1957.
PASSED AND ADOPTED This 23d~
City