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0245ORDINANCE NO. 245 o AN ORDINANCE PROVIDING FOR THE LEVY AND COLLECTION OF AN AD VALOREM TAX ON PROPERTY SITUATED WITHIN TIlE CORPORATE LIMITS OF THE CITY OF SOUTHLAKE, TEXAS, ON THE 1ST DAY OF .7ANtJARY 1978, EXCEPT SUCH PROPERTY AS MAY BE EXEblPT FROM TAXATION BY THE CONSTITUTION AND THE STATUTES OF TitE STATE OF TEXAS: ESTABLISH- ING A DELINQUENT DATE: AND SETTING THE RATE OF PENALTY AND INTEREST AND PRESCRIBING ATTORNEY'S FEES TO BE COLLECTED ON DELINQUENT TAXES: DECLARING A FIRST, PRIOR AND SUPERIOR LIEN ON ALL REAL AND PERSONAL PROPERTY AS OF JANUARY 1ST, 1978, TO SECURE PAYMENT: ORDAINING OTHER blATTERS RELATING TO THE SUBJECT AND DECLARING AN EFFECTIVE DATE. BE II' ORDAINED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE,TEXAS: Fhat there is hereby levied and shall be collected as provided by law an ad valorem tax for the year 1978 on all property, real or personal, except such property as may be exempt from taxation by the Constitution and the Statutes of the State of Texas, situated within the corporate limits of the City of Southlake,Texas, on January 1,1978, and that the amount to be applied to the value of such property shall be SIXTY-FIVE CENTS (65¢) per hundred dollars ©~ assessed valuation. ['hat the tax so lexried and assessed shall be apportioned to the following accounts and funds in the amounts set forth: GENERAL EUND ..................... $ 0.51 GENERAL OBLIGATION BOND INTEREST AND SINKING FUND .................. 14 TOTAL LEVY ....................... $ 0.65 Col]ections of the taxes levied shall be deposited to the credit of each of the above accounts and funds in their proportionate share o~- the total levy after taking into consideration a 2% uncollectable factor which is to be accounted for in the General Fund. That the taxes provided for herein are in accordance with appropriate State Statutes. Ad Valorem Taxes Levied by this Ordinance shall be due and payable on October 1,1978, and sball become delinquent on the first day of February, 1979. Payment of such tax is due in one full i nsta 1 lment. [f ]'he TAX is unpaid after delinquent and penalty and February 1,1979, such tax will become interest will attach and accrue as provided by the Statutes of the State of Texas, including Articles 1060a and 7556, V.A.T.C.S. [n the event the taxes become delinquent and in the event such delinquent taxes are referred to any attorney for collection, an ~ddit[onal amount of ten per cent (10%) of the total amount of tax, penalty and interest then due shall be added as collection costs and paid by the taxpayer. Taxes herein levied and uncollected shall be a first, prior, and superior lien against the property, and the said lien shall be superior and prior to all other liens, charges and encumbrances, and such lien shall attach to personal property with the same priority as to real property. The lien provided herein shall be attached as of January 1,1979. Should any section, provision or clause of this Ordinance be declared by a court of competent jurisdiction to be invalid, the same shall not affect the validity of this Ordinance as a whole or any part thereof other than the part so declared to be invalid. This Ordinance shall become effective from and after the date of its approval and adoption as provided by law. PASSEl) AND APPROVED AND ADOPTED by the affirmative vote of all members of the City Counci] of the City of Southlake,Texas, present this lgthday of September ,]978. Mayor City Secretary