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0283ORDINANCE NO. 283 B E I. AN ORDINANCE PROVIDING FOR TIlE LEVY AND COLLECTION OF AN AD VALOREM TAX ON PROPERTY SITUATED WITHIN THE CORPORATE LIMITS OF THE CITY OF SOUTHLAKE, TEXAS, ON TIlE 1ST DAY OF JANUARY 1983, EXCEPT SUCH PROPERTY AS MAY BE EXEMPT FROM TAXATION BY THE CONSTITUTION AND STATUTES OF THE STATE OF TEXAS: ESTABLISHING A DEI, INQUENT DATE: AND SETTING THE RATE OF PENALTY AND INTEREST AND PRESCRIBING ATTORNEY'S FEES TO BE COL- I,ECTED ON DELINQUENT TAXES: DECLARING A FIRST, PRIOR AND SUPERIOR LIEN ON ALL REAL AND PERSONAL PROPERTY AS OF JANUARY 1ST, !983, TO SECURE PAYMENT: ORDAINING OTHER MATTERS RELATING TO THE SUBJECT AND DECLARING AN EFFECTIVE DATE. iT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS: That there is hereby levied and shall be collected as provided by law an ad valorem tax for the year 1983 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, situat- ed within the corporate limits of the City of Southlake, Texas, on January 1, 1983, and that the amount to be applied to the value of such property shall be FORTY-ONE AND ONE HALF CENTS (41~) per hundred dollars of assessed valuation. (Which is appropriated by 100% of Market Value). That the tax so levied and assessed shall be apportioned to the following accounts and funds in the amounts set forth: GENERAL FUND ................................. GENERAL OBLIGATION BOND INTEREST AND SINKING FUND ......................................... TOTAL LEVY .................................... Collections of the taxes levied shall be deposited to credit of each of the above accounts and funds in their proportionate share of 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 Valoreln Taxes levied by this Ordinance shall be due and payable on October 1, 1983, and shall become delinquent on the first day of February, 1984. Payment of such tax is due in one full installment. If the TAX is unpaid after February 1, 1984, such tax will become delinquent and penalty and interest will attach and accrue as provided by the Statutes of the State of Texas, including Article ll)60a and 7336, V.T.C.A.S. i0. In the event the taxes become delinquent and in the event such delinquent taxes are referred to any attorney for collection, an additional amount of 20% 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 shallbe attached as of January 1, 1984. Should any section, provision or clause of this Ordinance be de- clared 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 therefore other than the part so declared to be invalid. Th~s Ordinance shall become effective from and after the date of its approval and adoption as provided by law. PASSL:D AND APPROVED AND ADOPTED by affirmative vote of all members ot7 t~ity Council oF) the City .of Southlake, Texas, present the _ day of~2~/<~xj~ , 1983.