HomeMy WebLinkAboutOrdinance - 5312-1967 - Ordinance 5312 Amended By Ordinance 6530 - 09/14/1967K.J:tp
====~==~~~======================================---ORDINANCE NO • 5312 amended by
ORDINhNCE NO. 6530
ORDINANCE NO. 5312
09 - ' 4-'ctU>·-~~.....;;._ __
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 1967; APPORTIONING SAID LEVY
AtviONG THE VARIOUS 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 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 1967 is urgently
necessary prior to October 1 , 1967, the beginning of the fiscal year of the
City of Lubbock which effect the usual daily operation of the Municipal
Departments and thereby creates an emergency, NON 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
1967, 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:
• 52 per $100 valuation to the Interest and Sinking Fund
. 61 per $100 valuation to the General Fund
.05 per $100 valuation to the Board of City Development Fund
SECTION 2. THAT from and after the sum of has
been collected and appl i.ed 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 1966 to the General Fund of the Ci.ty of
Lubbock.
SECTION 3. THAT all ad valorem taxes shall be paid before the firs t
day of February, 1968, and taxes not paid by that time shall be increased by
such penalty and interest as provided by Chapter 30 of the Code of Ordinan-
ces 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 i.n the preamble hereof, the rule requiring that no Ordinance shall be
finally passed on the day of its introduction be suspended, and this Ordin-
-
------oft-.-a-.nc ___ e.......,.i. .... s_d;...e;...c;...l~ared to be an emergency measure to take effect from and afte;...;;.;;..;..r ---11---
its passage.
AND IT IS SO ORDERED.
Passed by the Council on this 14th