HomeMy WebLinkAbout78-2248 ordORDINANCE NO. 78-2248
AN ORDINANCE LEVYING TAXES FOR THE USE AND SUPPORT OF THE MUNICIPAL
GOVERNMENT OF THE CITY OF PLAINVIEW, TEXAS, AND PROVIDING FOR THE
INTEREST AND SINKING FUND FOR THE FISCAL YEAR 1978-79: PROVIDING FOR
THE TIME AND MANNER OF PAYING THE AD VALOREM TAXES LEVIED.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PLAINVIEW, TEXAS:
Section 1. That there is hereby levied and there shall be collected
or the use and support of the Municipal Government of the City of
lainview, Texas, and to provide interest and sinking funds for the
ear Nineteen Hundred and Seventy-Eight (1978), upon all property,
eal, personal, and mixed within the corporate limits of said City
ubject to taxation, a tax of one and sixteen hundreths dollar ($1.16)
n each one Hundred Dollars ($100) to the specific purposes herein
set forth:
(A) For the maintenance and support of the general government
nd for the operation of the City Government to be placed in the General
und, .813% of the total amount received, being $.9439 on each One
Hundred Dollars ($100) valuation of property.
(B) For the interest and sinking funds, the following appor-
tionments shall be made:
SINKING FUND
*PERCENTAGE **AMOUNT
Acct. 488-08 General Obligation Bonds
Series 1966
15 March 1966
8.95% .1038
~cct. 844-09 General Obligation Bonds
Series 1974
15 September 1974
5.26% .0610
Acct. 488-10 Park Bonds
Series 1976
1 August 1976
3.65% .0424
Acct. 488-15 Certificates of Obligation
Series 1971
TOTAL
· 77% .0089
18.63% .2161
*Percentage of total tax collected which is transferred to the
Interest and Sinking Fund for retirement of General Obligation
Bonds.
**The actual cent proportion of the $1.16 per $100 Valuation that
is use~ to retire General Obligation Bonds.
Section 2: That the ad valorem taxes levied shall become due
on the 1st day of October 1978, and may be paid up to and including
the following January 31st, without penalty, but if not so paid such
taxes shall become delinquent on the following day, February 1st and
the following penalty shall be payable thereon, to wit: If paid
during the month of Februa~v, one percent (1%); during March, two
percent (2%) during April three percent (3%); during May, four percent
(4%); during June, five percent (5%), and on o.r after the 1st day of
July, eight percent (8%). Such unpaid taxes shall bear interest
at the rate of six percent (6%) per annum from February 1, 1979,
and $1.00 shall be charged for each redemption certificate issue
~y the Tax Assessor and Collector as cost. 'The payment of 1/2
taxes shall be accepted as the first half if paid on or before
November 30, 1978, then the last half may be paid on or before June
30, 1979, without penalty. Should the last half not be paid before
July 1, 1979, it shall bear penalty and interest at the usual rate.
Section 3: The taxes herein levied shall be a first and prior lien
~gainst the property upon which they are assessed and the said first
lien shall be superior and prior to all othe[ lien, charges, and en-
cumbrances, and this lien shall attach to pe}sonal property to the
~ame extent and with the same priorities as to real estate.
Section 4: The liens provided herein attached as of January l, 1979.
Section 5: Should any part of this Ordinance be declared invalid for
'any reason, that invalidity shall not effect the remainder of this
Ordinance, which remainder shall continue in full fOrce and effect.
PASSES AND APPROVED THIS 25th DAY OF JULY, A. D. 1978.
ATTEST:
CITY Of PLA] NV!
Ordinance
Date t Action
/ / Codified
/ ,/ ' Recorded