HomeMy WebLinkAboutOrdinance 7807 ORDINANCE NO. : 7
AN ORDINANCE PROVIDING FOR THE LEVY AND COLLECTION
OF AN ANNUAL DIRECT AD VALOREM TAX ON ALL PROPERTY,
REAL, PERSONAL AND MIXED, SITUATED WITHIN THE TER-
RITORIAL LIMITS OF THE CITY OF FORT WORTH, TEXAS,
AND ALL PERSONAL PROPERTY OWNED IN SAID CITY OF
FORT WORTH, TEXAS, ON THE FIRST DAY OF JANUARY, A.D.
1978, 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 pro-
vided by law, an annual direct special ad valorem tax for
the year 1978, for General Fund operations and for servicing
of General Obligation Bonds outstanding of the said City of
Fort Worth of $1.639 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_ 1978, liable under
the law to taxation and not exempt therefrom by the Consti-
tution and laws of the State of Texas. The Commissioner of
Accounts shall pay each week to the Interest and Redemption Fund
Thirty-two per cent (32/) of the current taxes collected for
General Fund operations and debt service until $10,938,792
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.
Thetax 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 addition to levies for the same purpose
in the respective ordinances authorizing and creating such
obligations, but the levy hereinbefore 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 1978, and any supplemental assess-
ments 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
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 payable on the
first day of October, A. D. 1978, 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. 1979.
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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. 1978, and
the second installment of taxes required to be paid by vir-
tue of this ordinance for the current year shall become
delinquent on the first day of June, A. D. 1979.
SECTION V.
Should any taxpayer permit his taxes to become delin-
quent, that is to say, should fail or refuse to pay the
first installment, said installment being fifty per cent
(50%) of the total amount of taxes due for the current year,
before the first day of December, A. D. 1978, as above speci-
fied, 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 per
cent (1%) per month, or fraction thereof, for each month
thereafter; and should any taxpayer pay the first install-
ment 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 in-
stallment before the first day of June, A. D. 1979, as above
specified, then said interest shall attach to the payment
of the second installment at the rate of one per cent (1%)
per month, or fraction thereof, on each month thereafter.
SECTION VI.
Said interest of one per cent (1%) per month shall
be added to said taxes in the event the payment thereof
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shall become delinquent as above set forth, and said interest
shall attach on the first day of each month thereafter until
the taxes shall have been paid, which interest shall be and
become 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 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 VII.
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 portions, parts, sections or parts of sections of
this ordinance, which provision shall be, remain and continue
to be in full force and effect.
SECTION VIII.
This ordinance shall take effect and be in full force
and effect from and after the date of its passage as
provided by law.
A= TO FORNAAND LEGALITY:
Ci y Attor y
First Reading:
ADOPTED:��EPTEr�p,Ep� ►��q'7g
EFFECTIVE•