[1]
Editor’s note–At an election held 5/7/1988, an
amendment provided that the provisions in article VII be deleted,
except for section 6 and the first paragraph of section 7. Additionally,
section 6 and the remainder of section 7 were renumbered as sections
1 and 2, respectively, and section 3 was added. Before this amendment,
section 1, as amended 8/30/1923, pertained to a tax levy for sinking
funds; section 2, which pertained to the power to levy a poll tax,
was repealed at a special election held 1/7/1964; section 3, as amended
12/10/1925, pertained to street taxes and licenses for peddlers, etc.;
section 4 pertained to a franchise tax on tangible property and corporate
shares; section 5 pertained to tax lists, inventories and appraisements
of property; section 8 pertained to the board of equalization; and
section 9 pertained to property that was exempt from taxation.
It shall not be necessary in any action, suit or proceeding,
[of] which the City shall be a party, for any bond, undertaking or
security to be executed in behalf of the City.
(Amended 5/7/1988)
The City shall have power to control and manage the finances
of the City, and to provide for its fiscal years and fiscal arrangements
as may be directed by the duly elected governing body.
(Amended 1/7/1964; 5/7/1988)
All procedures pertaining to taxation and finance shall be in
accordance with provisions of the Texas Property Tax Code and other
applicable State law, ordinances, resolutions and rules of the City
Council.
(Added 5/7/1988)
