HomeMy WebLinkAboutORD 1966-027 ORDIi��;�,iVCE i�?O. 66-27
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AN ORD I Nl�NC�, ADOPT I�.TG TI-i;� .�3UDGr,i FOP, THE C I TY OF
'°�°'" GRAPzL"l,�II�JE, TL«l-1S, rrJ:', T�'� i ISCI^,L YTr�:F, B�,GIiV�tIPtG
oCTOBiR �., 1966, I:�l�T� L.�tDI���G S�PTL^.iBEPt 30 9 1967 :
LEVYING T.lIXi.S FOR THE YEI`,R 1c66 TO U'L ASSi,SSED
CN lyLL TAX�;BLE PROPEP.TY �'JITHI�i THE LIi�JIITS OF THE
CITY OF GT�APLVINE, T�;J�S: I':1;TD PP�OVIDIIV'� PEN��LTIES
I`,ND INTER;c,ST FOR DELINQUE�TT T�';r:i:S, AND PROVIDTNG
FO� THE INTi�l-, l-�,i�iD INTER-DEPI:P.TT,IIENT 1^-,1�ID FUND TRf1iVS-
F;'�RS, I�ND PROVIDIi�TG FOR. THE Ii�TVESTP,I�NT OI' IDL� FUNDS:
i,',rHEREl-�.S, notice of a public h�arirtg on the Budget for tne City
of Crrapevinc9 Texasf for the fiscal ycar9 1966»67 was hereto-
fore published at least five days in advance of said hearing ,
and
UJH�REI,S, a public hcarina u�as duly h� ld and al1 interested
persons were given an oppo;tunity to bc heard far or against
any item �Lherein,
i`dOUJ, THrRLFORE, �3E IT ORDAINED BY TH� CITY COUl� IL OF THE
CITY OF GRI`,P�VIi�Ti,, Ti:;�`�S:
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SrCTI0i1 1 .
'"�_� That a tax is h�:reby levied upon all taxable property in the
City of Grap�vin�. , Texas, for the year , 19�6, at the rate of
`� 1 .00 per One Hundred Dollars (;�100.00} valuatior�.
5��C T I ON 2.
That there sha11 b�, anci ther�� is hcrEby levied the following
tax�s on each one hunclred (:;;>100.00) doll�rs v�.luation on a11
tax�ble proper �y withi� th� City of Grap�vinU9 T�xas, to be
assessed and colleci�cd by thc las� :°,ssessor and Collector for
the year 1966, and said taxes arc to be ass�ssed and coilectcd
for the purposes her��inafter stipula�ec': , to-wito
(a) For �he General Fund levicd ori the
';>100.Q0 v�. luatit�n � •b�-
(b) For the Interest and Sitlki �g Fund �6
levied o�Z the ��100.00 va.luation �� • .
TOT�,L L���'VY ._. x.f�=.1T ,00
,� ,,
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S�CTIO:: ,3 ,
Th�t, the City Ntanager be a�d is hereby authorized to make
�,,,,� intra and inter departm�r�t and fund transfers during the
fiscaZ year as becones necessary, in order to avoid over
axpenditures of a particular accout�t.
SECTION 1_!_.
That the City P/lanag�r is authorizcd to invest any funds not
needed for curr�;nt use, whether operating funds or bond funds
irt United S�ate� Treasury BiIIs, Certificates of Deposit,
Savings rlccount� and�or Time Deposit Open Account in Official
City Depositari�s. Interest accrucd from such investments
may b� depasitee to the General Fv.nd.
s��c�rzov 5.
Taxes levied by this ordinance shall be due and payable on
Octe2�er 1, 1966, and shall become delinqucnt on the first day
of �'ebruary 195'� , if ut�paidy upon tax�s becoming delinqv.ent,
a penalty of 1070 of such delinqucnt taxes sha11 accrue on
the first c�ay o� Fc�bruary. Intcrest upon delinquen;t taxes
and pcnalti�s sf�all accrue at the rate of 6� per annum
commencing irom th� dute of d�linque�tcy. The City of
� Grapevine is her�by authori2ed to adopt any and all legal
remendi�s provided by the �?esis�d Civi1 Statutes of the
State of Texas �nd the Grapevinc City Charter as providcd
�' in Article �, Saution 9.25 for the purpose of collecti�tg
delinquent taxes.
S ECT I Ol�l �.
The fact that the iiscat year begins on �ctober 1, 1966, re-*
quires tiZat this ordir�anc� be effectiv� upon its pas�age
and adoption to pres�rve the public peacc , properi,y, health
and safe�y, and the rules rcquiring ordinancEs be read and
passed on two s� �arate dates is hereby suspetlded and this
ordinance shall '�e in full �'orce and efi��ct fro� artd aftcr
its passage and adoptiort .
PASSED .�ND APPR�V�D THTS TH?� 6th c]ay of Se�tember:_, 1g66.
1^�PPROVFDa t--_ , �
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