HomeMy WebLinkAboutOrdinance - 6973-1974 - Levying Tax Upon All Property Subject To Taxation. - 09/12/1974KJ:sw
ORDINANCE NO. 6973 ------
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 1974; APPORTIONING SAID LEVY AMONG THE VARIOU
FUNDS AND ITEMS FOR WHICH REVENUE MUST BE RAISED; FIXING THE Tilv.[E
IN WHICH SAID TAXES BE PAID AND ASSESSING PENALTY AND INTEREST FOR
NON-PAYMENT OF SUCH TAXES WITHIN THE Tnv.rE PROVIDED.
WHEREAS., the City Council, after all notices have been given and hearings
held as provided by law., has determined the tax rate necessary to produce the
revenue necessary to operate the affairs of the City of Lubbock for the next .fiscal
year; 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 1974, the sum
of $1. 36 per One Hundred ($100. 00) DOLLARS valuation thereof., and the same
shall be applied to the various funds in the following manner:
$ • 77 per $100 valuation to the Interest and Sinking Fund
$ • 54 per $100 valuation to the General Fund
$ • 05 per $100 valuation to the Board of City Development Fund
SECTION 2. THAT all ad valorem taxes shall be paid before the first day
of February, 1975, 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 12th day of Septernbec
Passed by the Council on second reading this 26th day of September
TTEST: Ui~ ROYHAis, MAYOR
, CITY SECRETARY-TREAS.
., 1974.
, 197 4.