HomeMy WebLinkAboutOrdinance No. 259 THE CITY OF THE COLONY
ORDINANCE NO.
AN ORDINANCE OF THE CITY OF THE COLONY, TEXAS,
LEVYING THE AD VALOREM TAXES FOR THE YEAR 1983 AT A
RATE OF $.~ PER ONE HUNDRED DOLLARS ($100.00)
ASSESSED VALUATION OF ALL TAXABLE PROPERTY WITHIN
THE CORPORATE LIMITS OF THE CITY AS OF JANUARY 1,
i983; TO PROVIDE REVENUES FOR THE PAYMENT OF CUR-
RENT EXPENSES AND TO PROVIDE AN INTEREST AND SINKING
FUND ON ALL OUTSTANDING DEBTS OF THE CITY; PROVIDING
FOR DUE AND DELINQUENT DATES TOGETHER WITH PENAL-
TIES AND INTEREST; AND DECLARING AN EFFECTWE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE
COLONY, TEXAS:
Section 1. That there be and is hereby levied for the year 1983 on all
taxable property, real, personal and mixed, situated within the limits of the City
of The Colony, Texas, and not exempt by the Constitution of the State and valid
State laws, a tax of $ .~_~ on each One Hundred Dollars ($100.00) assessed
value of taxable property, and shall be apportioned and distributed as follows:
(a) For the purpose of defraying the current expenses of the
municipal government of the City, a tax of $.~3~-~/ on each One
Hundred Dollars ($100.00) assessed value of all taxable property.
(b) For the purpose of creating a sinking fund to pay the
interest and principal on all outstanding bonds of the City, not otherwise
provided for, a tax of $o~$~ on each One Hundred Dollars ($100.00)
assessed value of all taxable property, within the City which shall be
applied to the payment of such interest and maturities of all outstanding
bonds.
Section 2. That all ad valorem taxes shall become due and payable on
October 1, 1983, and all ad valorem taxes for the year shall become delinquent
after January 31, 1984. There shall be no discount for payment of taxes prior
to said January 31, 1984. If any person fails to pay the ad valorem taxes on
or before the 31st of January, 1984, the following penalties shall be payable
thereon, to-wit:
During the month of February, one percent (1%); during the month of
March, two percent (2%); during the month of April, three percent (3%); during
the month of May, four percent (4%); during the month of June, five percent
(5%); and on or after the 1st of July, eight percent (8%).
Section 3. Taxes are payable in The Colony, Texas at the office of the
Tax Collector. The City Shall have available all rights and remedies provided
by law for the enforcement of the collection of taxes levied under this
ordinance.
Section 4. That the tax rolls, as presented to the City Council, together
with any supplement thereto, be, and the same are hereby approved.
Section 5. Ail delinquent taxes shall bear interest at the rate of six
percen~ per annum, in addition to the penalties.
Section 6. The fact that it is necessary that this ordinance be enacted
in order to authorize the collection of ad valorem taxes for the year 1983, this
ordinance shall take effect from and after its passage as the law in such cases
provides.
DULY PASSED by the City Council of the City of The Colony, Texas, this
the ~J~'/~ day of ~ , 1983.
APPROVED:
ATTEST:
ecretary
APPROVED AS TO FORM:
City Attorney
-2-