HomeMy WebLinkAboutOrdinance - 4180-1963 - Setting Tax Rate & Levying Tax Upon All Property Subject To Taxation Within City - 09/12/19634--\
z_'lo3 I
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 1963; APPORTIONING SAID LEVY AMONG THE VARIO
FUNDS AND ITEMS FOR WHICH REVENUE MUST BE RAISED; FIXING THE TIME
IN WHICH SAID TAXES BE PAID; AND ASSESSING PENALTY AND INTEREST
FOR NON-PAYMENT OF SUCH TAXES WITHIN THE TilVIE 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., 1963, the
sum of $1. 50 per One Hundred {$100.00) Dollars valuation thereof .. and the same
shall be applied to the various funds in the following manner:
$. 58421 per $100 valuation -to the Interest and Sinking Fund
• 86579 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, 1964, 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 12th day ofSeptember
Passed by the Commission on second reading this 26tlrlay of September , 19 3.
ATTEST:
Lave