HomeMy WebLinkAboutResolution - 102573G - Council's Endorsement Of Senate Joint Resolution 29 - 10_25_1973KJ:pm
73
r RESOLUTION
WHEREAS, the Constitution of the State of Texas, imposes a maximum
ad valorem tax rate which may be established by cities -in Texas; and
WHEREAS, such tax rate ceiling includes costs of governmental
operations and payment of bond principal and interest; and
WHEREAS, Senate Joint Resolution No. 29 has been passed by the
Texas Legislature and is to be submitted to the voters of Texas on November 6,
1973 as an amendment to the Constitution which would permit cities in Texas to
levy and collect ad valorem taxes in addition to all other taxes authorized, at
such rate as will be sufficient to pay when due the principal and interest on
general obligation bonds issued after the effective date of such amendment:
NOW 3'HEREFORE:
BE IT RESOLVED BY THE CITY tCOUNCIL OF THE CITY OF LUBBOCK:
THAT the City Council of the City of Lubbock does hereby endorse
Senate Joint Resolution No. 29 as an amendment to the Texas Constitution
and does urge all voters to support and vote for such amendment.
Passed by the City Council this 25th day of October , 1973 .
MORRIS W, TURNER, MAYOR
ATTEST:
Lav nia Lowe, City Secretary -Treasurer
APPROVED AS TO FORM:
Fred O. Senter, Jr., City A torney
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