HomeMy WebLinkAboutOrdinance - 3917-1962 - Setting Tax Rate And Levy Tax Upon All Property Subjec To Tax Within City Of LBK - 09/13/1962F~S:djl
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ORDINANCE NO. -3 ..... 9 ..... lo.L.7 __
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 1962; APPORTIONING SAID LEVY AMONG THE VARIOUS
FUNDS AND ITEMS FOR WHICH REVENUE MUST BE RAISE; 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 1. THAT there shall be levied and assessed upon all property
subject to taxation within the City of Lubbock, Texas. for the year. 19 62. the
sum of $150 per One Hundred ($100. 00) Dollarsr valuation thereof, and the same
shall be applied to the various funds in the following manne.r:
$ . 66985 per $100 valuation-to the Interest and Sinking Fund
. 78015 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 first day ,,
of February~ 19631 and taxes not paid by that time shall have added to said taxes
such penalty and interest as provided in Ordina~ce No. 1329.
AND IT IS SO ORDERED II
Passed by the Commission on first reading this 13th day of September , 1962.
Passed by the Commission on second ading this 27th · day of Sep tember , 19 ~2.
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ATTEST:
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Lavenia Lowe, City%"i.etary-Treasurer