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CM 1967-10-16 THE STATE OF TEXAS COUNTY OF DALLAS The Council of the City of Coppell, Texas, met October 16, 1967, in regular meeting with the following present: W. T. Cozby, Mayor C. J. Dobecka, Councilman C. L. Plumlee, Jr., Councilman W. H. Wilson, Councilman Thomas Sisk, Councilman Jim McGiboney, Councilman E. C. Gentry, Secretary Motion was made and seconded passing Ordinance #42 levying a tax for the year 1967 (see copy attached). Vote carried un- animously. Motion was made and seconded that the Petty Cash Fund be replaced in the amount of $16.37. Vote carried unanimously. Mayor Cozby presented a request from Mr. Roach at the service station on Belt Line Road for a permit to move a trailer in. Vote carried unanimously te deny the request. ORDINANCE NO. 42 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, LEVYING THE AD VALOREM TAXES FOR ~ YEAR 1967 AT A RATE:OF .55 CENTS ($0.55) PER ONE HUNDRED IX)LIARS ($100.00) ASSESSED VALUATION ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE CITY OF COPPELL, TEXAS, AS OF JANUARY 1, 1967, TO PROVIDE REVENUES FOR THE PAYMENT OF CURRENT EXPENSES; PROVIDING INTEREST AND SINKING FUND ON ALL OUTSTANDING DEBTS OF THE CITY OF COPPELL, TEXAS; PROVIDING FOR DUE AND DELINQUENT DATES TOGETHER WITH PENALTIES AND INTEREST; AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: Section 1. That there be and is hereby levied for the year of 1967 on all taxable property, real, personal and mixed, situated within the corporate limits of the City of Coppe11, and not exempt by the Constitution of the State and valid State laws, a tax of 55 cents ($. 55 ) on each One Hundred Dollar ($]00.00)*assessed value of taxable property, and shall be ap- portioned and distributed as follows: (a) For the purpose of creating a sinking fund to pay the interest and principal maturities of all outstanding bonds of the City of Coppell, not otherwise provided for, a tax of .30 cents ($.30 ) on each One Hundred Dollar ($100.00) assessed value of all taxable property within the City of Coppell, value a and shall be applied to the payment of interest and maturities of all such outstanding bonds. (b) For the purpose of defraying the current expenses of the municipal ~overnment of the City, a tax of cents ($.25 ) on each One Hundred Dollar ($100.00) assessed value of all taxable property. Section 2. That all ad valorem taxes shall become due and payable on October l, 1967, and all ad valorem taxes for the year 1967 .shall become delinquent after January 31, ~968. There shall be no discount for payment of taxes prior to January 31, 1968. If any person fails to pay the ad valorem taxes on or before the 31st day of January, 1968, the fol. lowing 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, eigh~ per cent (8%). Section 3. Taxes are payable in Coppe11, 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 ann~, 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 ol ad valorem taxes for the year 1967 creates 3n urgency and an emergency and requires that this ordinance shall take effect immediately from and after Its passage, as the law in such cases provides. DULY PASSED on the 16th day of October, 19~67 , 1967. APPROVED AS TO FORM: City Attorney City Secretary presented a request from Mrs. Faye Rush for a typewriter table and chair. Motion was made and seconded that the request be granted and Mr. Gentry be responsible for purchasing these two items. Vote carried unanimously. Meeting adjourned. PASSED. AND APPROVED, THIS 16th DAY OF October, 1967. W. T. Cozby, Mayor attest: E. C. Gentry, City Secretary Passed and approved, this day of , 1967. E. C. Gentry, Secretary