OR 188 Levys the Ad Valorem Taxes for the year 1978 at a rate of $0.95 per $100.00 ORDINAANCE NO. 188
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, LEVYING THE AD
VALOREM TAXES FOR THE YEAR 1978 AT A RATE OF $ .95 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 COPPELL,
TEXAS:
SECTION 1. That there be and is hereby levied for t{~e year 1978 on all
taxable property, real, personal and mixed, situated within the limits of the City of
Coppell, 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 $ . (?/ '~'7 on each One Hundred Dollars ($100.00)
assessed value of aH 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
$ , ~),~ ~ 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 shah become due and payable on
October 1, 1978, and all ad valorera 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 valorera 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 Coppe]l, 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, nad 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 ]978, 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 Coppell, Texas, this the
.3.2 day of , 19V8.
APPROVED:
.I MAYOR
ATTESTS: