HomeMy WebLinkAboutOrdinance - 3583-1961 - Levying A Tax Upon All Property Subject To Taxation. - 08/24/1961JP :wg
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ORDINANCE NO. 3583
AN ORDINANCE SETTINO THE TAX RATE AND LEVYING A TAX UPON
ALL PROPERTY SUBJECT TO TAXATION WITIDN THE CITY OF LUBBOCK,
TEXAS, FOR THE YEAR 1961; APPORTIONING SAID LEVY AMONG THE VARI-
OUS FUNDS AND ITEMS FOR WHICH REVENUE MUST BE RAISED; FIXING THE
TIME IN WIDCH SAID TAXES BE PAID; AND ASSESSING PENALTY AND:L
INTEREST FOR NON-PAYMENT OF SUCH TAXES WITHIN THE TIME P.RO-
VIDED.
BE IT ORDAINED BY THE CITY COM:MISSION OF THE CITY OF LUBBOCK:
SECTION 1. THAT there shall be levied and assessed upon all property
subject to taxation within the City of Lub1;>ock, Texas, for the year, 1961, the
sum of $1. 50 per One Hundred {$100. 00) Dollarst valuation thereof, and the
same shall be applied to the various funds in the following manner:
$. 68115 per $100 valuation -to the Interest and Sinking Fund
·" • 76885 per $100 valuation-to the General Fund
. 05000 per $100 valuation -to the Board of City Development Fund
SECTION 2. THAT all ad valorum taxes shall be paid before the fir'st day
of February, 1962, and taxes not paid by that time shall have added to said taxes
such penalty and interest as provided in Ordinance No. 1329.
AND IT IS SO ORDERED
Passed by the Commission on first reading this 24th day of ____ A_;ug:;.u_s_e ___ , 19J l.
Passed by the Commission on second reading this 14til day of September , 1961.
ATT~ET· ~
I -----~£/ ~ ------------Lave Lowe~ City ecretary-Treasurer ~ Clly Attorney