HomeMy WebLinkAboutOrdinance - 6721-1973 - Setting Tax Rate & Levying For The Year 1973 - 09/13/1973~-· ...
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ORDINANCE NO. __.6._.l..,.2...._1 ___._ __
AN 0RD1NANCE SETTING THE TAX RATE AND LEVYING A TAX UPON
ALL PROPERTY SUBJECT TO TAXATION WITHIN THE CITY OF LUBBOCK1
TEXAS, FOR THE YEAR 1973; APPORTIONING SAID LEVY AMONG THE VARIO S
FTJNDS AND ITEMS FOR wmcH REVENUE MUST BE RAISED; FIXING THE TI
IN WHICH SAID TAXES BE PAID AND ASSESSING PENALTY AND INTEREST FO
NON-PAYMENT OF SUCH TAXES WITHIN THE TIME PROVIDED.
WHEREAS, the City Council, after all notices have been given and hearing
held as provided by law1 has determined the tax rate necessary to produce the
revenue necessary to operate the affairs of the City of Lubbock for the next :fiscal 1year; NOW THEREFORE:
BE IT ORDAINED BY THE CITY COUNCIL 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 1973, the sum
of $1. :313 per 0ne<Hundred ($100. 00) Dollars valuation thereof, and the same shall
be applied to the various funds in the follm.ving manner:
$ • 85 per $100 valuation to the Interest and Sinking Fund
$ • 46 per $100 valuation to the General Fund
$ • 05 per $100 valuation to the B'Jard of City Development Fund
SECTION 2. THAT all ad valorem taxes shall be paid before the first day
of February, 1974, and taxes not paid by that time shall be increased by such
penalty and interest as provided by Chapter 30 of the Code of Ordinances of the
City of Lubbock.
AND IT IS SO ORDERED.
Passed by the Council on first reading this 13th day of September
Passed by the Council on second reading this 20th day of September
'· . . .. . .,
ATr.8J _ ~7iNE~~AYOR
La v~i~r?tf r"y:-'Treasurer ,.,
APPROVED AS TO FORM:
G'--
J.
. J
, 1973.
I 1973.
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