HomeMy WebLinkAbout79-2354 ordORDINANCE N0. 79-2354
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 1979~80: PROVIDING FOR
THE TIME AND MANNER OF PAYING THE AD VALOREM TAXES LEVIED.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CII'Y OF PLAINVIEW, TEXAS:
Section 1. That there is hereby levied and there shall be collected
for the use and support of the Municipal Government of the City of
Plainview, Texas, and to provide interest and sinking funds for the
year Nineteen Hundred and Seventy-Nine (1979), upon all property, real,
personal, and mixed within the corporate limits of said City subject to
taxation, a tax of one and sixteen hundreths dollar ($1.16)'on each one
Hundred Dollars ($100) to the specific purposes herein set forth:
(A) For the maintenance and support of the general government and
for the operation of the City Government to be placed in the General Fund,
.8138% of the total amount received, being $.9446 on each One Hundred
Dollars ($100) valuation of property.
(B) For the Interest and Sinking Funds, the following apportionments
shall be made:
SINKING FUND
Acct. 488-08 General Obligation Bonds
Series 1966
15 March 1966
*PERCENTAGE **AMOUNT
· 0911% .1057
Acct. 488-09 General Obligation Street Bonds
Series 1974
15 September 1974
.0511% ·0593
Acct. 488-10 Park Bonds
Series 1976
1 August 1976
.0358% .0415
Acct. 488-15 Certificates of Obligation .0077% .0089
Series 1971
TOTAL .1857% .2154
*Percentage of total tax collected which i.s 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
used 'to retire General Obligation Bonds.
Section 2: That the ad valorem taxes levied shall become due on the 1st
day of October 1979, 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 February,
one percent (1%); during March, two percent (2%); during April, (3%);
during May, four percent (4%); during June, five percent (5%); and on or
after the 1st day of July, eight percent (8%1t. Such unpaid taxes shall
bear interest at the rate of (6%) per annum from February 1, 1980, and
$1.00 shall be charged for each redemption certificate issued by 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, 1979, then the last half
may be paid on or before June 30, 1980, without penalty. Should the last
half not be paid before July 1, 1980, it shall bear penalty and interest
at the usual rate.
Section 3: The taxes herein levied shall be a first and prior lien against
the property upon which they are assessed and the said first lien shall be
superior and prior to all other liens, charges, and encumbrances, and this
lien shall attach to personal property to the same extent and with the same
priorities as to real estate.
Section 4: The liens provided herein attached as of January l, 1980.
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.
Section 6: The fact that there is a public necessity to provide adequate &
normal services to the citizens of the City of Plainview and to provide for
sufficient funds to furnish said services creates an emergency and an imperative
public necessity for immediate preservation of the public peace, health, safety
and general welfare and because of the necessity to publish nOtice of this
Ordinance prior to its effective date, any and all rules requiring more than one
reading are hereby suspended; and this ordinance shall be passed and take effect
as an emergency measure and be in full force and effect from and after the 1st
day of October ,1979, and it is so ordained.
PASSED this the
of the City Council.
13th day of September
,1979, by unanimous vote
APPROVED this the 13th day of September ,1979.
City of Plainview
ATTEST:
City Clerk
City of Plainview