The proposed articles of incorporation of the Slaton Economic
Development Corporation, attached to Ordinance 581 as exhibit A and
incorporated herein by reference as a part hereof for all purposes,
are hereby approved, and the city commission hereby authorizes the
filing of the articles of incorporation with the secretary of state
in accordance with the act (Vernon’s Ann. Civil St., art. 5190.6,
sec. 4A).
Editor’s note–The articles of incorporation
of the Slaton Economic Development Corporation attached to Ordinance
581 are on file in the city secretary’s office.
(Ordinance 581, sec. 1, adopted 1/11/00)
The bylaws of the Slaton Economic Development Corporation attached
to Ordinance 581 as exhibit B and incorporated herein by reference
as a part hereof for all purposes are hereby approved and may be adopted
as submitted at any corporation meeting held after the issuance of
a charter by the state.
Editor’s note–The bylaws of the Slaton
Economic Development Corporation attached to Ordinance 581 are on
file in the city secretary’s office.
(Ordinance 581, sec. 2, adopted 1/11/00)
There shall be and is hereby adopted and levied an additional
sales and use tax within the city for the benefit of the corporation
at a rate of one-half of one percent on the sales of items at retail
and a use tax at the same rate on the use, storage or other consumption
within the city of tangible personal property purchased, leased or
rented from a retailer during such time as such tax is effective within
the city. Such tax shall be imposed, computed, administered, collected
and remitted in accordance with V.T.C.A., Tax Code chapter 321, except
as inconsistent with section 4A of the act (Vernon’s Ann. Civil
St., art. 5190.6, sec. 4A). The effective date of the tax adopted
and levied by this section and imposed by section 4A of the act is
April 1, 1999, which is the first day the tax may be imposed after
complying with the requirements of the act and the Tax Code.
(Ordinance 581, sec. 3, adopted 1/11/00)
