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Home My WebLink AboutOrdinance 4719 ORDINANCE NO. �� 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 TERRI- TORIAL 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. 1962, 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 1962 for the support and maintenance of a free Public Library in the City of Fort Worth, Texas, of five cents (51) on every One Hun- dred 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. 1962, 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 1962, for the use and benefit of the Park Fund of the City of Fort Worth, Texas, of nine cents (9ji) on every One Hundred Dollar ($100.00) valuation on all property, real, per- sonal and mixed, situated in and all personal property owned in the City of Fort Worth, Texas, on the first day of January, A. D. 1962, liable under the law to taxation and not exempt therefrom by the Constitution and laws of the State of Texas , which levy, in the aggregate sum of nine cents (9s�) , as afore- said, shall be and is hereby apportioned: For Park operation, maintenance and upkeep, 9 cents . SECTION III . There is also hereby levied and there shall be collected, as provided by law, an annual direct special ad valorem tax for the year 1962, for the use and benefit of the Recreation Fund of the City of Fort Worth, Texas, of four cents (4$�) 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. 1962, liable under the law to taxation and not exempt there- from by the Constitution and laws of the State of Texas, which levy, in the aggregate sum of four cents (4�4_) , 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. There is also 'hereby levied and there shall be collected, as provided by law, an annual direct special ad valorem tax for the year 1962, for General Fund operations and for servicing of General Obligation Bonds outstanding of the said City of Fort Worth, of 1.47 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. 1962, 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-seven per cent (47%) of the current taxes collected for General Fund opera- tions and debt service until $ has been paid to the Interest and Sinking Fund, after which all of said collec- tions 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. SECTION V. The tax levy which is hereinbefore made shall provide for the payment of interest and create a sinking 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 ordi- nances 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 tax- able property, real, personal and mixed, situated in and all personal property owned in the City of Fort Worth, Texas, as as- sessed, valued and described in the assessment tax rolls and the tax books of the City of Fort Worth, Texas, for the year 1962, and any supplemental 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 VI . The taxes herein levied and authorized and required to be col- lected shall be and become due and payable in two equal install- ments . 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. 1962, 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 be- come due and payable on the first day of April, A. D. 1963 . 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. 1962, and the second install- ment 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. 1963 . SECTION VIII . Should any taxpayer permit his taxes to become delinquent, that is to say, should fail or refuse to pay the first install- ment, 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. 1962, 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 de- linquent, that is to say, should fail or refuse to pay said second installment before the first day of June, A. D. 1963 , as above specified, then the penalty 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 IX. Said penalty of one per cent (1%) per month shall be added to said taxes in the event the payment thereof shall become delinquent as above set forth and said penalty shall attach on the first day of each month thereafter, until the taxes shall have been paid, which penalty 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 penal- ties 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 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 XI . This ordinance shall take effect and be in full force and effect from and after t'he date of its passage as provided by law. yor ATTES caC zc�� City Secretary APPROVED AS TO FORM AND LEGALITY: City Attorney