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Res 73 AN 0RD!NA~E OF THE CITY OF DELRAY BEACH, FLORIDA, ESTABLISHIJ~G AH~D LEVYI~G A TAX UP0~T ALL PR0~ERTY 1N ~E CITY OF DELRAY BEACH, FLORIDA, FGR THE OPERATIOAr OF SAID CITY OF DELRAY BEACH DURDTG FISCAL YEAR HEGI~I~TG OCTOBER 1, A. D. 1931 AbE) E~DD~G SEPTEMBER 30, A. D. 1932, 22,~ ALSO LEV~G A TAX UPON THE TAXABLE, PROPERTY l~? SAID CITY Vf~'ffCH IS LOCATED WITHl~J ~-IE FOBI'~ER LII~tITS OF TPXE CITY OF DELRAY FOR Tt~ PURPOSE OF PAYI~G I~EREST 0P~ B0~S OF SAID FOPJ~R CITY OF DELRAY, ~2~rD AIS0 LEV¥I~G A TAX UP0~J ~E TAXABLE PRGPERTY ~ITHIN SAID CITY LOCATED WITE!!~? TP~ FOR~[ER LII',~fITS OF T_wJ~ FORMER TOWh~ OF DELRAY BEACH FOR T~.~ PURPOSE OF PA?!Y~G I~TEP~EST A~UD B0~JDS OF SAID FORZ~ER T0,WI~ OF DELP~Y BEACH. WHEREAS, in accordance with the p~ovision of Section 36 of the City Charter of said City of Delray Beach, Florida, the City Council has agreed upon a budget of expense for the ensuing year which commences on October l, 1931, and ends on September 30, 1932, which budget shows the estimated expenditu, res of said City for the ensuin~ year; and WHJ~, in any by said budget it is found and determined that it is necessary to raise for the operating expenses of said city during said fiscal year by taxation the sum of $37,600.00, and also to raise by taxation the sum of $40,554.11 for interest upon said bonds of said former City of Delray, and also to raise by taxation the sum of $3,006.60 for interest upon and principal of bonds of the former Town of Delray Beach; NOW, THE~F0~, BE AhD IT IS HEREBY 0RD~ND by the City Council of the City of D~lray Beach, Florida: Section l: That there shall be and is hereby levied and assessed a tax of twenty-one mills upon each dollar of the assessed valuation of the taxable property, real and personal, as shown by the tax assessment roll prepared by the Tax Assessor of said city and adopted and approved by the City Council of said City 'of Delray Beach, after equalization thereof, for the purpose of paying all items of operating expenses of general government for the fiscal year beginning October l, A. D. 1931, and ending September 30, A. D. 1932, as shown by said budget of said city agreed upon and approved by the City Council by resolution dated the second day of October, A. D. l~l. Section E: In addition to the tax set forth, levied and assessed in Section I of this ordinance there shall 0e and is hereby levied, assessed and established a tax of twenty-three mi~s upon each dollar of the assessed valuation of the taxable property, real and per- sonal, as shown by th tax assessment roll prepared by the Tax Assessor of said city and adopted and approved by the City Council of said City of Delray Beach, after equaliza- tion th~of, which is located within the former limits of the former City of Delray, for the purpose of paying the several appropriations for interest upon outstanding bonds of said former City of Delray set forth in said budget and agreed upon by resolution of said City Council on ~he second day of October, A. D. 19~l, and the City Treasurer is hereby directed to segregate and set apart from all collections made upon said tax the pro rata part thereof applicable to interest upon each separate issue of bonds of said former City of Delray in the proportion that the appropriation for each separate issue of bonds as set forth and described in said budget beers to the aggregate appropriation for said several issues of bonds, and said City Treasurer shall pay out the same only for interest upon the issue of bonds to which said pro rate part is appli c ab le. Section ~: In addition to the tax set forth, levied and assessed in Sections i and E of this ordinance, there shall be and is hereby levied, assessed and establ~h- ed a tax of seventeen mills upon each dollar of the assessed valuation of taxable p~operty as shown by the tax assessmsnt roll prepared by the Tax Assessor of said city and adopted and epproved by the City Council of said City, after equali- zation thereof, which is located within the former limits of the former Town of Delray Beach for the purpose of pay- ing the appropriation for interest and principal upon outstanding bonds of said former Town of Delray Beach set forth in said budget agreed upon end adopted by ~a~ City Council on the second day of October, A. D. 19~l. Section 4: This o rdiuance shell become effective upon its passage and adoption. PASSED by the City Council of the City of De]ray Beach, Florida, this 12th day of October, A. D. 19~l. President of the Counc.il. ATTEST: ~ /~ --- City-Cle~k.~ Examined and approved by me this lSth day of October, A. D. lOIS1.