1950 ORDINANCES - Laserfiche WebLink

Home Browse Search

ANNUAL TAX LEVY IMPOSING TAXES ON PERSONS AND PROPERTY FOR THE PAYP,,IENT OF INTEREST ON THE CITY DEBT, FOR CREATING A SINKING FUND THEREFOR, FOR THE SUPPORT OF THE CITY GOVERNMENT AND CITY SCHOOLS, AND FOR OTHER PURPOSES. BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE THAT FOR THE YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 1950,AND ENDING THE THIRTY-FIRST DAY OF DECEMBER, 1950, AND EACH YEAR THEREAFTER WHILE THIS ORDINANCE IS IN FORCE, THE TAXES ON PERSONS AND PROPERTY FOR LOCAL PURPOSES SHALL BE AS FOLLOWS: GENERAL LEVY: 1. LAND, LOTS, AND BUILDINGS. ON TRACTS OF LAND AND LOTS AND IMPROVEMENTS THEREON, NOT EXEMPT FROM TAXATION, THERE SHALL BE A TAX OF $1.05 (ONE DOLLAR AND FIVE CENTS) ON EVERY $100.00 ASSESSED VALUE THEREOF TO PAY THE GENERAL OPERATING EX- PENSES OF THE CITY GOVERNMENT AND TO PAY THE INTEREST AND SINKING FUND ON THE CITY DEBT OTHER THAN SCHOOLS, AND THERE SHALL BE LEVIED AN ADDI- TIONAL TAX ON EVERY $100.00 ASSESSED VALUE OF $0.40 (FORTY CENTS) TO PAY THE INTEREST AND SINKING FUND ON SCHOOL BONDS AND $1.00 (ONE DOLLAR) FOR THE MAINTENANCE AND OPERATING OF THE CITY SCHOOLS. 2. TANGIBLE PERSONAL PROPERTY. UPON ALL TANGIBLE PERSONAL PROPERTY AS DEFINED BY STATE TAX LAW, NOT EXEMPT FROM TAXATION, THERE SHALL BE A TAX OF $1.05 (ONE DOLLAR AND FIVE CENTS) ON EVERY $100.00 ASSESSED VALUE THEREOF TO PAY THE GENERAL OPERATING EXPENSES OF THE CITY GOVERNMENT AND TO PAY THE INTEREST AND SINKING FUND ON THE CITY DEBT OTHER THAN SCHOOLS, AND THERE SHALL BE LEVIED AN ADDITIONAL TAX ON EVERY $100.00 ASSESSED VALUE THEREOF OF $0.40 (FORTY CENTS) TO PAY THE INTEREST AND SINKING FUND ON THE SCHOOL BONDS AND $1.00 (ONE DOLLAR) FOR THE MAINTENANCE AND OPERATING OF THE CITY SCHOOLS. 3. OTHER PROPERTY. UPON ANY TANGIBLE PERSONAL PROPERTY NOT INCLUDED IN THE FOREGOING, WHICH IS NOT EXEMPT FROM LOCAL TAXATION, THE TAX SHALL BE 1.05 (ONE DOLLAR AND FIVE CENTS) ON EVERY $100.00 ASSESSED VALUE THEREOF TO PAY THE GENERAL OPERATING EXPENSES OF THE CITY GOVERNMENT AND TO PAY THE INTEREST AND SINKING FUND ON THE CITY DEBT OTHER THAN SCHOOLS, AND THERE SHALL BE LEVIED AN ADDITIONAL TAX ON EVERY $100.00 ASSESSED VALUE THEREOF OF $0.40 (FORTY CENTS) TO PAY THE INTEREST AND SINKING FUND ON THE SCHOOL BONDS AND X1.00 (ONE DOLLAR) FOR THE MAINTENANCE AND OPERATING OF THE CITY SCHOOLS. ADOPTED BY THE COUNCIL APRIL 21, 1950 AYES: MR. ADAMS, MIR. BARR, MR. HADEN,. MR. HAMM, AND UIR. TEBELL. NOES: NONE PRESIDENT AN ORDINANCE AUTHORIZING THE ISSUANCE OF TINO HUNDRED SEVENTY-FIVE THOUSAND DOLLARS ($275,000.00) OF BONDS OF THE CITY OF CHARLOTTES- VILLE,TO BE KNOWN AS "GAS IMPROVEMENT BONDS, SERIES OF 1950". WHEREAS, THE ISSUANCE OF TWO HUNDRED SEVENTY-FIVE THOUSAND DOLLARS • 1 0 0275,000.00) OF SERIAL BONDS OF THE CITY OF CHARLOTTESVILLE, TO BE KNOWN AS "GAS IMPROVEMENT BONDS, SERIES OF 1950", HAS BEEN APPROVED BY AN ORDINANCE ADOPTED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE ON MARCH 6, 1950, AND SPREAD IN ORDINANCE BOOK 3, PAGES 96 AND 97, AND APPROVED BY THE VOTERS OF THE CITY AT A SPECIAL ELECTION HELD FOR THAT PURPOSE ON APRIL 11, 1950, IN ACCORDANCE WITH THE CHARTER OF THE CITY OF CHARLOTTESVILLE AND THE LAWS OF THE STATE OF VIR- GINIA, NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTES- VILLE: 19 THAT THERE SHALL BE ISSUED T40 HUNDRED SEVENTY-FIVE THOUSAND DOLLARS •