HomeMy WebLinkAbout144 - Ordinance - Levying the annual general tax for Municipal purposes.173
0RD INANCE.
No. 144.
An ORDINANCE levying the Annual general tax for MUITICIPAL purposes, and
a special tax for the interest on the bonded indebtedness and a further
special tax for the purpose of creating the necessary SINKING FUlTD to extin-
guish the principal of said bonded indebtedness of the Town of Port Orchard,
for the year 1909.
r s I Be it ORDAIMED by the Council of the Tovn of Port Orchard.
Section 1.
That there be and is hereby levied against all the real and personal
property within the corporate limits of the Town of Port Orchard, and not
le by lacy exempt from taxation for general purposes, for the year 1909, a tax
of ten (10) mills on each dollar of valuation according to the assessed
value thereof as returned by the County Assessor ah.d equalized by the County
Board of Equalization.
Section 2.
That there be and is hereby further levied against all the said proper-
ty, as set forth in Section 1 hereof, a special tax for the year 1909, of
seven (7) mills on each dollar of the assessed. valuation in said Town, as
returned by the County Assessor and as equalized by the County Board, of
Equalization, which special tax shall be for the purpose of paying the int-
erest on the municipal bonds of the said town of Port Orchard, and none of s
said tax shall ever be diverted to any other purpose.
Section 3.
That there be and is hereby levied a further special tax against all
the property in said Town as set forth in Section 1 hereof, for the year
1x09, a tax of three (3) mills on each dollar of the assessed valuation
oe said property, as set forth in Section 1 hereof, which said special tax
stall be for the purpose of creating a sinking fund for the payment of the
principal of the municipal bonds of the Town of Port Orchard, when the same
all become due, and none of said tax shall ever be diverted to any other
purpose; Except, that of investment provided for in said bonds, and under
the direction of the Town Council, and then only on such security as the
aw directs.
Section 4.
That it shall be the duty of the Town Clerk, and he is hereby directed
immediately after the passage and publication of this ordinance to trans-
mit to the County Auditor, under his hand and the seal of said Town, a cert-
ified copy of this ordinance, together with a statement showing the amounts
of the various levies provided for herein.
Section 5.
That this ordinance shall take effect and be in full force from and
after its passage and publication.
Read first time October 4th. 1909.
Passed by the Council of the Town of Port Orchard this 4th. day of October,
1909.
Attest• ;.._-
Town Clerk. �- Mayor of the Town of Port Orchard.
I, Wm. C. Bading, Clerk of the Town of Port Orchard, hereby certify
• that the above and foregoing ordinance is a true and correct copy of ORD-
'Nr.:TCE No. 144, levying tax for the year 1 d that the sane was publish
• i according to law. /f� T`1Z�_