HomeMy WebLinkAboutOrdinance - 5099-1966 - Amended By Ordinance 6530 Levying Tax For Year 1966 - 09/22/1966GAS/clc ORDINANCE N00 5099 amended by
= =~=:l:"i====================== ORDINANCE NO. 6530
ORDINANCE NO.. 5099 OQ-7: -lg(
AN ORDINANCE SETTING THE TAX RATE AND LEVYING A TAX UPON
ALL PROPERTY SUBJECT TO TAXATION WITHIN THE CITY OF LUBBOCK~
TEXAS,' ~OR THE YEAR 1966; APPORTIONING SAID LEVY AMONG THE VARr
IOUS FUNDS AND ITEMS FOR WHICH REVENUE MUST BE RAISED: FIXING THE
TIME IN WHICH SAID TAXES BE PAID; AND ASSESSING PENALTY AND INTERE: T
FOR NON-PAYMENT OF SUCH TAXES WITHIN THE TIME PROVIDED; AND
DECLARING AN EMERGENCY.
WHEREAS, the necessity of setting the tax rate and levying a tax on all
property subject to taxation within the City for the year 19 66 is urgently necessary
prior to October 1, 19 66, the beginning of the fiscal year of the City of Lubbock
which affecuthe usual daily operation of the Municipal Departments and thereby
creates an emergency, 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 1966, the sum
of $1.18 per One Hundred ( $100. 00) Dollars valuation thereof, and the same shall
be applied to the various funds in the following manner:
$0. 50 per $100 valuation -to the Interest and Sinking Fund
o. 63 per $100 valuation -to the General Fund
O. 05 per $100 valuation-to the Board of City Development Fund
SECTION 2, THAT fr.om and after the sum of $2,619,931.00 has been
collected and applied to the Interest and Sinking Fund of the City of Lubbock, the
Tax Assessor and Collector shall and is hereby authorized and directed to apply
the residue of taxes collected which may be due and payable for the current tax
year of 19 66 to the General Fund of the City of Lubbock.
SECTION 3. THAT all ad valorem taxes shall be paid before the first
day of Febrq.ary ~ 19 67, 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.
SECTION 4. The fact that public necessity and convenience requires that
this Ordinance be passed as an emergency measure for reasons set forth in the
preamble hereof. the rule requiring that no Ordinance shall be finally passed on
the day of its introduction be suspended, and this Ordinance is declared to be an
emergency measure to take effect from and after its passage.
AND IT IS SO ORDERED~-
~proved
6.A,S~ Am. City Attorney