OR 121 Levys the Ad Valorem Taxes for the year 1973 at a rate of $.95 per $100.00 ORDINANCE NUMBER 121
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, LEVY-
ING THE AD VALOREM TAXES FOR THE YEAR 1973 AT A RATE OF
$ ,95 PER ONE HUNDRED DOLLARS ($100.00) ASSESSED VALUA-
TION ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS
OF THE CITY AS OF JANUARY 1, 1973; TO PROVIDE REVENUES FOR
THE PAYMENT OF CURRENT EXPENSES AND TO PROVIDE AN INTEREST
AND SINKING FUND ON ALL OUTSTANDING DEBTS OF THE CITY; PRO-
VIDING 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 1973 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 ex-
penses of the municipal government of the City a tax of
$ ,9/~J on each One Hundred Dollars ($100.00) assessed value
of all taxable property.
(b)
pay the interest and principal on
City, not otherwise provided for,
Hundred Dollars assessed value of
the City which shall be applied to the
and maturities of all outstanding bonds.
For the purpose of creating a sinking fund to
all outstanding bonds of the
a tax Of $.~j~ On each One
all taxable property, within
payment of such interest
SECTION 2. That all ad valorem taxes shall become
due and payable on October 1, 1973, and all ad valorem taxes
for the year shall become delinquent
There shall be no discount for payment
January 31, 1974. If any person fails
~axes on or before the 31st of January,
after January 31, 1974.
of taxes prior to said
to pay the ad valorem
1974, 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 o£ 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-
cent (8%).
SECTION 3. Taxes are payable in Coppell, 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. All delinquent taxes shall bear in-
terest at the rate of six per-cent (6%) per annum, in ad-
dition to the penalties provided herein.
SECTION 6. The fact that it is necessary that
this Ordinance be enacted in order to authorize the collec-
tion of ad valorem taxes for the year 1973, 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 provides.
DULY PASSED by the City Council of the City of
coppe~l, Texas this th~//~day of J~ ~/~ ~.
' F '
MAYOR
ATTEST:
CITY SECRETARY
APPROVED AS TO FORM:
/'
/
ATTORNEY