HomeMy WebLinkAboutOrdinance No. 46ORDINANCE NO. 46
AN ORDINANCE OF THE CITY OF THE COLONY, TEXAS, LEVYING THE
AD VALOREM TAXES FOR THE YEAR 1978 AT A RATE OF $ ,13 PER ONE
HUNDRED DOLLARS ($100.00) ASSESSED VALUATION ON ALL TAXABLE PROPERTY
WITHIN THE CORPORATE LIMITS OF THE CITY AS OF JANUARY 1, 1978; TO
PROVIDE REVENUES FOR THE PAYMENT OF CURRENT EXPENSES AND TO PROVIDE
AN INTEREST AND SINKING FUND ON ALL OUTSTANDING DEBTS OF THE CITY;
PROVIDING FOR DUE AND DELINQUENT DATES TOGETHER WITH PENALTIES AND
INTEREST; AND DECLARING AN EFFECTIVE 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 1978 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 $ _1; 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 $ .13- on each One Hundred Dollars ($100.00)
assessed value of all taxable property.
(b) The City has no outstanding bonds which require creation of an interest
and sinking fund.
SECTION 2. That all ad valorem taxes shall become due and payable on
October 1, 1978, and all ad valorem taxes for the year shall become delinquent after
January 31, 1979. There shall be no discount for payment of taxes prior to said
January 31, 1979. If any person fails to pay the ad valorem taxes on or before the
31st of January, 1979, 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 aupplement thereto, be, and the same are hereby approved.
SECTION 5. All delinquent taxes shall bear interest at the rate of six
percent (6%) 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 1978, 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 day of c , 1.978.
APPROVED AS TO FORM:
APPROVED:
AYOR,
ATTEST: