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HomeMy WebLinkAboutOrdinance 8406,~ ,:~ Y , ~<= ORDINANCE NO ~ 7 0 `~ AN ORDINANCE PROVIDING FOR THE LEVY AND COL- LECTION OF AN ANNUAL DIRECT AD VALOREM TAX ON ALL PROPERT Y REAL PERSONAL AND MIXED SITU- ATED WITHIN THE TERRITORIAL LIMITS OF THE CITY OF FORT WORTH TEXAS AND .ALL PERSONAL PROPERTY OWNED IN SAID CIT Y OF FORT WORTH TEXAS ON THE FIRST DAY OF JANUARY A D 1981 EXCEPT SUCH PROPERTY AS MAY BE EXEMPT FROM TAXATION BY THE CONSTITUTION AND LAWS OF THE STATE OF TEXAS BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH TEXAS SECTION I There is hereby levied and shall be collected as provided by law an annual direct special ad valorem tax for the year 1981 for the General Fund operations and for servicing of General Obligation Bonds outstanding of the said City of Fort Worth of $0 905 on every One Hundred Dollar ($100 00) valuation on all property real personal and mixed situated in and all personal property owned in the City of Fort Worth Texas on the first day of January A D 1981 liable under the law to taxation and not exempt therefrom by the Constitution and laws of the State of Texas The Commissioner of Accounts shall pay each week to the Interest and Redemption Fund twenty-five percent (25s) of the current taxes collected for "General Fund operations and debt service until $13 178 954 has been paid to the Interest and Redemption Fund after which all of said collections will remain in the "General Fund In this way the. General Fund will absorb any Interest and Redemption Fund delinquencies and in consideration of which will receive all delinquent tax collections during the entire year SECTION II The tax levy which is hereinbefore made shall provide for the payment of interest and create a redemption fund or discharge and pay principal and interest on any obligations due or owing by the City of Fort Worth Texas and shall not be taken as an addi- tion to levies for the same purpose in the respective ordinance -s i3. n authorizing and creating such obligations but the levy herein- before made is made pursuant to and for the purpose of carrying out and complying with the provisions of said prior ordinances and ad valorem taxes herein are levied upon all taxable property real personal and mixed situated in and all personal property owned in the City of Fort Worth Texas as assessed, valued and described in the assessment tax rolls and the tax books of the City of Fort Worth Texas for the year 1981 and any supple- mental assessments thereof as the same have been or shall be presented to the City Council of the City of Fort Worth Texas by the Assessor and Collector of Taxes of said City of Fort Worth Texas SECTION III The taxes herein levied and authorized and required to be collected shall be and become due and payable in two equal in- stallments The first installment which amount shall be fifty percent ( 50°x) of the total sum of the taxes due and payabl e for the current year shall be due and payable on the first day of October A D 1981 and the second installment which amount shall be the remaining fifty percent (50~) of the total sum due and payable in taxes for the current year shall become due and payable on the first day of April A D 1982 SECTION IV The first installment of taxes required to be paid by virtue of this ordinance for the current year shall become delinquent on the first day of December A D 1981 and the second installment of taxes required to be paid by virtue of this ordinance for the current year shall become delinquent on the first day of July A D 1982 SECTION U Should any taxpayer permit his taxes to become delinquent that is to say should fail or refuse to pay the first install- -2- ment said installment being fifty percent (50%) of the total amount of taxes due for the current year before the first day of December A D 1981 as above specified then and in that event the second installment shall also immediately become due and delinquent and interest shall attach to the payment of such taxes at the rate of one percent (1%) per month or fraction thereof for each month thereafter and should any taxpayer pay the first installment of his taxes as hereinabove provided but should per- mit the second installment of his taxes to become delinquent that is to say should fail or refuse to pay said second install- ment before the first day of July A D 1982 as above specified then said interest shall attach to the payment of the second installment at the rate of one percent (1%) per month or frac- tion thereof on each month thereafter SECTION VI In addition to the interest set out above should any tax- payer permit his taxes to become delinquent a penalty of six percent (6%) of the amount of the tax for the first calendar month it is delinquent plus one percent (1%) for each additional month or portion of a month the tax remains unpaid prior to July 1 of the year in which it becomes delinquent will be assessed However a tax delinquent on July 1 incurs a total pen- alty of twelve percent (12%) of the amount of delinquent tax without regard to the number of months the tax has been delin- quent and additional penalty and interest for each month there- after SECTION VII Said interest of one percent (1%) per mont to said taxes in the event the payment thereof linquent as above set forth and said interest the first day of each month thereafter until the been paid which interest shall be and become h shall be added shall become de- shall attach on taxes shall have a part of said -3- ~' taxes and be payable as such and provided further that in the event of the publication of the delinquent tax lists or if suit is brought to recover such taxes and interest and the delinquent taxpayer shall be subject to the payment of said taxes interest and costs and the same shall be and become a lien upon the property of such taxpayer as prescribed by the Charter of the City of Fort Worth Texas and the laws of the State of Texas the said taxes with interest and costs shall be and become and they are hereby made a paramount lien to all other liens whatsoever on the property on which said taxes are levied SECTION VIII Should any part portion section or part of a section of this ordinance be declared invalid or inoperative or void for any reason by a court of competent jurisdiction such decision opinion or judgment shall in no way affect the remaining por- tions parts sections or parts of sections of this ordinance which provision shall be remain and continue to be in full force and effect SECTION IX This ordinance shall take effect and be in full force and effect from and after the date of its passage as provided by law APPROVED AS TO FORM AND LE'GALIT Y City Attorney ADOPTED U EFFECTIVE -4-