OR 19 Levys ad valorm taxes at rate of 25 cent per $100 on taxable property within corporate limits ORDINANCE NO. 19
AN ORDINANCE OF THE TOWN OF COPPELL, TEXAS, LEVYING
THE AD VALOREM TAXES FOR THE YEAR 1964 AT A RATE OF TWENTY-FIVE
CENTS ($.25 ) PER ONE HUNDHED DOLLARS ($100.00) ASSESSED
VALUATION ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS
OF THE TOWN OF COPPELL, TEXAS, AS OF JANUARY 1, 1964, TO PRO-
VIDE REVENUES FOR THE PAYMENT OF CURRENT EXPENSES; PROVIDING
INTEREST AND SINKING FUND ON ALL OUTSTANDING DEBTS OF THE
TOWN OF COPPELL, TEXAS; PROVIDING FOR DUE AND DELINQUENT
DATES TOGETHER WITH PENALTIES AND INTEREST; AND DECLARING AN
EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE TOWN OF
COPPELL, TEXAS:
SECTION 1: That there be and is hereby levied for
the year of 1964 on all taxable property~ real, personal and
mixed, situated within the corporate limits of the Town of
Coppell, and not exempt by the Constitution of the State and
valid State laws, a tax of//~E~-F~ cents ($. ,ZY) on each
One Hundred Dollar ($100.00) assessed value of taxable property,
and shall be apportioned and distributed as follows:
(a) For the purpose of creating a sinking fund to
pay the interest and principal maturities of all outstanding
bonds of the Town of Coppell, not otherwise provided for, a tax
of ~ cent~ ($. ,~ on each One Hundred Dollar ($100.00)
assessed value of all taxable proper~y within the Town of
Coppell, and shall be applied to the payment of interest and
maturities of all such outstanding bonds.
(b) For the purpose of defraying the current expenses
of the municipal government of the City a tax of [W~_Fdu~
cents ($. .~___) on each One Hundred Dollar ($100.00) assessed
value of all taxable property.
SECTIOIq 2: That all ad valorem taxes shall become
due and payable on October 1, 1964, and all ad valorem taxes
for the year 1964 shall become delinquent after January 31,
1965. There shall be no discount for payment of taxes prior
to January 31, 1965. If any person fails to pay the ad
valorem taxes on or before the 31st day of January, 1965, the
following penalties shall be payable thereon, to-wit: During
the month of February, one per cent (1%); during the month of
March, two per cent (2%); during the month of April, three per
cent (3%); during the month of May, four per cent (4%); during
the month of June, five per cent (5%); and on or after the 1st
of July~ eight per cen~ (8%).
SECTION 3: Taxes are payable in Coppell, Texas, at
the office of the Tax Assessor and Collector. The City shall
have available all the rights and remedies provided by law
for the enforcement of the collection of taxes levied under
this ordinance.
SECTION 4: All delinquent taxes shall bear interest
at the rate of six per cent (6%) per annum, in addition to the
penalties provided for herein.
SECTION 5: The fact that it is necessary that this
ordinance be enacted in order to authorize the collection of
ad valorem taxes for the year 1964 creates an urgency and an
emergency and requires that this ordinance shall take effect
immediately from and after its passage, as the law in such
cases p~ovi~es.
pASSED ON THE ~'~____day of ~/~Ad~/q- , 1964.
APPROVED:
ATTEST:
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