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HomeMy WebLinkAboutOrdinance 2460 ORDINANCE NO. J2'W6 d AN ORDINANCE PROVIDING FOR THE LEVY AND COLLECTION OF AN ANNUAL DIRECT AD VALOREM TAX ON ALL PROPERTY, REAL, PER- SONAL AND MIXED, SITUATED WITHIN THE TERRITORIAL LIMITS OF THE CITY OF FORT WORTH, TEXAS, AND ALL PERSONAL PROP- ERTY CFAWM IN SAID CITY OF FORT WORTH, TEXAS, ON THE FIRST DAY OF JANUARY, A. D. 1947, 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 VMRTH, 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 1947 for the support and maintenance of a free Public Library in the City of Fort Worth, Texas, of five cents (50) 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. 1947, liable under the law to taxation and not exempt therefrom by the Constitution and laws of the State of Texas. SECTION II. There is also hereby levied and there shall be collected, as provided by law, an annual direct special ad valorem tax for the year 1947, for the use and benefit of the Park Fund of the City of Fort Worth, Texas, of nine cents (90) 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. 1947, liable under the law to taxation and not exempt therefrom by the Constitution and laws of the State of Texas, which levy, in the aggregate sum of nine cents (9¢), as aforesaid, shall be and is hereby apportioned: For Park operation, maintenance and upkeep.9 9 cents. SECTION III. There is also hereby levied and there shall be collected, as provided by law, an annual direct special ad valorem tax for the year 1947, for the use and benefit of the Recreation Fund of the City of Fort Worth, Texas, of four cents (40) on every One Hundred Dollar ($100.00) valuation on all prop- erty, 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. 1947, liable under the law to taxation and not exempt therefrom by the Constitution and laws of the State of Texas, which levy, in the aggregate sum of four cents (40), as aforesaid, shall be and is hereby apportioned: For Recreation operation, maintenance, upkeep and to pay interest on Recreation notes and warrants, 4 cents. SECTION IV. That there is also hereby levied and there shall be collected, as provided by law, an annual direct special ad valorem tax for the year 1947, for General Fund operations and for servicing of General Fund obligations outstanding of the said City of Fort Worth, of 1.66 dollars 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. 1947, 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 Sinking Fund forty-five per cent (45%) of the current taxes collected for General Fund operations and debt service until $1,22$,426.25 has been paid to the Interest and Sinking Fund, after which all of said collections will remain in the General Fund. In this way the General Fund will absorb any Interest and Sinking Fund delinquencies and in consideration of which will receive all delinquent tax collections the entire year. The servicing of General Fund obligations outstanding shall be and is hereby apportioned for the use and benefit of the said several series of bonds of the City of Fort Worth, Texas, as follows, respectively: SECTION V. That these special tax levies, which are hereinbefore made, to pro— vide for the payment of interest and to create a sinking fund or to discharge and pay principal and interest on any obligations due or owing by the City of Fort Worth, Texas, are not to be taken as in addition to levies for the same purpose in the respective ordinances authorizing and creating such ob— ligations, but the levies hereinbefore made are made pursuant to and for the purpose of carrying out and complying with the provisions of said prior ordi— nances, 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 assess— ment tax rolls and the tax books of the City of Fort Worth, Texas, for the year 1947, and any supplemental assessments thereof, as the same have been or shall be presented to the City Council of the Cit7 of Fort Worth, Texas, by the Assessor and Collector of Taxes of said City of Fort Worth, Texas. SECTION VI. That the taxes herein levied and authorized and required to be col— lected shall be and become due and payable in two equal installments. The first installment, which amount shall be fifty per cent (50%) of the total sum of the taxes due and payable for the current year, shall be due and pay— able on the first day of October, A. D. 1947, and the second installment, which amount shall be the remaining fifty per cent (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. 1948. SECTION VII. 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. 1947, 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 June, A. D. 1948. SECTION VIII. Should any taxpayer permit his taxes to become delinquent, that is to say, should fail or refuse to pay the first installment, said install- ment being fifty per cent (50%) of the total amount of taxes due for the cur- rent year, before the first day of December, A. D. 1947, as above specified, then and in that event, the second installment shall also immediately become due and delinquent and a penalty shall attach to the payment of such taxes at the rate of one per cent (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 permit the second installment of his taxes to become delinquent, that is to say, should fail or refuse to pay said second installment before the first day of June, A. D. 1948, as above specified, then the penalty shall attach to the payment of the second install- ment at the rate of one per cent (1%) per month, or fraction thereof, on each month thereafter. SECTION IX. That said penalty of one per cent (1%) per month shall be added to said taxes in the event the payment thereof should become delinquent as above set forth and said penalty shall attach on the first day of each month there- after, until the taxes shall have been paid, which penalty shall be and be- come a part of said 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 penalties and the delinquent taxpayer shall be subject to the payment of said taxes, penalties 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 penalties 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 X. Should any part, portion, section or part of a section of this ordi— nance 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 portions, parts, sections or parts of sections of this ordinance, which provision shall be, remain and continue to be in fall force and effect. SECTION %I. That this ordinance shall take effect and be in full force and ef— fect from and after the date of its passage as provided by law. *; _..r� r ATTEST:. City Secretary APPROVED AS TO FORM: HMV City Attorney SERIFS DESCRIPTION BOND NUMBERS GRAND TOTAL LM 36 Stoma Sewers 1- 100 4,800.00 $.00198 37 General Funding 1- 200 8,000.00 .00329 38 Street Improvement 1- 90 3,200.00 .00132 39 Light Extension 1- 50 1,600.00 .00066 39A Municipals 1-1000 58,250.00 .02399 (41 Street Improvement 1- 381 25,735.00 01060 (41 Street Improvement 382- 800 20,950.00 .00863 (42 Light Extension 1- 119 8,192.50 .00337 (42 Light Extension 120- 250 6,550.00 ..00270 (43 Fire Improvement 1- 96 6,990.00 .00288 (43 Fire Improvement 97- 200 5,200.00 .00214 44 Municipals 1-1250 52,125.00 .02147 46 Street Improvement 1- 500 25,655.00 .01057 47 Incinerators 1- 71 4,295.00 .00177 48 Parks 1- 100 5,497.50 .00226 49 Recreation 1- 100 5,497.50 .002z6 50 City-County Hospital 1- 18 1,022.50 .00042 46 Street Improvement 501-1000 25,970.00 .01070 48 Parks 101 200 5,565.00 .00229 49 Recreation 101- 170 3,710.00 .00153 46 Street Improvement 1001 1600 31,088.75 .01280 48 Parks 201- 500 16,458.75 .00678 (46 Street Improvement 1693-2013 23,885.00 .00984 (46 Street Improvement 2014-2200 7,480.00 .00308 52 Street Improvement 1- 700 41,$25.00 .01723 55 Lake Worth Bridge 1- 150 8,250.00 .00340 52 Street Improvement 701-1500 42,980.00 .01770 55 Lake Worth Bridge 151- 250 5,372.50 .00221 51 Arterial Thoroughfares 1- 250 13,668.75 .00563 56 Street Improvement 1- 150 8,201.25 .00338 57 Fire Protection 1- 250 13,668.75 .00563 58 Airport 1- 150 8,201.25 .00338 51 Arterial Thoroughfares 251v 550 15,990.00 .00658 56 Street Improvement 151- 800 34,645.00 .01427 57 Fire Protection 251- 500 13,325.00 .00549 58 Airport 151- 400 13,325.00 .00549 56 Street Improvement 801-1400 32,250.00 .01328 58 Airport 401- 500 5,375.00 .00221 56 Street Improvement 1401-1455 1,472.50 .0006l 51 Arterial Thoroughfares 551- 600 4,235.00 .00174 59 Refunding 1- 778 96,462.50 .03973 51 Arterial Thoroughfares 601- 800 12,267.50 .00505 56 Street Improvement 1456-1575 7,087.50 .00292 62 Pleas. Grds., Pks. & Plgds. 1- 688 39,352.50 .01621 (64 1- 189 11,357.50 .00468 (64 n n n it n 190- 250 1,982.50 .00082 56 Street Improvement 1576-1915 20,905.00 .00861 65 City-County Hetipital 1- 138 9,181,25 .00378 66 City Hall & Jail 1- 275 18,400.00 .00758 67 Library 1- 220 18,937.50 •00780 (56 Street Improvement 1916-1950 5,500.00 .00226 (56 Street Improvement 1951-1965 300.00 .00012 (56 Street Improvement 1966-2000 612.50 .00025 (68 Airport 1- 390 28,743.75 .01184 (68 Airport 391-1000 10,293.75 .00424 (CONTINUED) SERIES DESCRIPTION BOND NUMBERS GRAND TOTAL LEVY (69 Street Improvement 1- 133 $12,800.00 $.00527 (69 Street Improvement 134- 340 4,657.50 .00192 (70 Garage & Repair Shop 1- 63 5,850.00 .00241 (70 Garage & Repair Shop 64- 160 2,182.50 .00090 (69 Street Improvement 341- 455 8,710.00 .00359 (69 Street Improvement 456- 565 1,925.00 .00079 (72 Marine Creek Drainage & Overflow 1- 102 7,520.00 .00310 (72 " " 11 " " 103- 200 1,715.00 .00071 (68 Airport 1001-1042 9,200.00 .00379 (68 Airport 1043-1157 1,150.00 .00047 (68 Airport U 58-1250 1,162.50 .00048 (69 Street Improvement 566- 658 20,640400 .00850 (69 Street Improvement 6596- 911 2,530.00 .00104 (69 Street Improvement 912-1112 2,512.50 .00103 (73 Airport 1- 124 28,500.00 .01174 (73 Airport 125- 473 3,490.00 .00144 (73 Airport 474- 750 3,462.50 .00143 (74 Street Improvement 1- 75 17,140.00 .00706 (74 Street Improvement 76- 287 2,120.00 .00087 74 Street Improvement 2886.•453 2,075.00 .00085 73 Airport 751- 915 12,210.00 .00503 (73 Airport 916-1050 3,037.50 .00125 (74 Street Improvement 454- 970 41,030.00 .01690 (74 Street Improvement 971-1403 9,742.50 .00401 (75 Park 1- 110 8,140.00 .00335 (75 Park 111- 200 2,025,00 .00083 (76 Plgd. & Recreation Park 1- 30 2,580.00 .00106 '76 Plgd. & Recreation Park 31- 50 450.00 .00018 (77 Agricultural & Livestock Ex- 1- 273 21,300.00 .00877 hibit Building (77 Agricultural & Livestock Esc- 274- 500 5,107.50 .00210 hibit Building (74 Street Improvement 1404-1971 3�060.00 .01415 (74 Street Improvement 1972-2153 4,095.00 .00169 (77 Agricultural & Livestock 501-1070 35,400.00 .01458 Exhibit Building (77 Agricultural & Livestock 1071-1250 4,050.00 .00167 Exhibit Building New Bonds - Not yet issued 3,670.00 .00151 TOTAL $1,228,426,25 $.50592 ORDINANCE No - L_� Title_ s Date Filed- Day of 19 City Secreta