HomeMy WebLinkAboutOrdinance - 2566-1958 - Setting Tax Rate, Levying A Tax Upon All Property Subject To Tax - 08/14/1958u
ORDINANCE NO. 2566
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AN ORDINANCE SETTING THE TAX RATE AND LEVYING A TAX UPON
ALL PROPERTY SUBJECT TO TAXATION WITHIN THE CITY OF LUBBOCK,
TEXAS, FOR THE YEAR 1958; APPORTIONING SAID LEVY AMONG THE ·
VARIOUS FUNDS AND ITEMS FOR WHICH REVENUE MAY BE RAISED;
FIXING THE TIME IN WHICH SAID TAXES BE PAID AND ASSESSING PENALTY
AND INTEREST FOR NON-PAYMENT OF SUCH TAXES WITHIN THE TIME
PROVIDED.
BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK:
SECTION I. THAT there shall be levied and assessed upon all property
subject to taxation within the City of Lubbock, Texas, fo:r:-the year 1958, the
sum of $1.50 per One Hundred ($100) Dollarsr valuation thereof, and the same
shall be applied to the various funds in the following manner:
$0. 82.2.14 per $100 valuation -to the General Fund
• 62.786 per $1 00 valuation -to the Interest & Sinking Fund
• 05000 per $100 valuation -to the Board of City Development Fund ,
SECTION 2.. THAT all ad valorum taxes shall be paid before the first day
of February, 1959 and taxes not paid by that time shall have added to said taxes I such penalty and interest as provided in Ordinance No. 132.9.
II AND IT IS SO ORDERED.
Passed by the Commission on first reading this 14th day of August , 195
Passed by the Commission on second reading this 28th day of Augu•t
1958. -------·
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