Ord. 0128 1966-09-22ORDINANCE NO. /40Z '
AN ORDINANCE FIXING THE TIME AND MANNER OF PAYING THE AD
VALOREM TAXES LEVIED FOR THE USE AND BENEFIT OF THE GOVERN-
MENT OF THE CITY OF PEARLAND, TEXAS.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS.
SECTION 1: That the ad valorem taxes hereafter levied
by the governing body of the City of Pearland, Texas, each year
shall become due on the first day of October of the year for
which the levy is made and may be paid to and including the
following January 31st, without penalty, but if not so paid such
taxes shall become delinquent on the following day, February lst,
and the following penalty shall be payable thereon, to -wit: If
paid during the month of February, one percent (1%); during the
month of March, two percent (2%); April, three percent (3%);
May, four percent (4%); June, five percent (5%); and on and after
the first day of July, eight percent (8%) . Such unpaid taxes
shall bear interest at the rate of six percent (6%) per annum
from February 1st of the year next succeeding the year for which
such taxes were levied or assessed.
SECTION 2: Unpaid taxes for the assessment year 1966
and all prior years shall be considered delinquent as of February
lst of the year next succeeding the year for which taxes were
levied or assessed and shall be subject to a penalty of eight
percent (8%) and interest at the rate of six percent (6%) per
annum from the date of their delinquency.
PASSED and APPROVED this the i'"Y day
A. D. 1966.
ATTEST:
CITY OF PEARLAND, TEXAS
a66L'2
Lloy C. Ha ins, Mayor
W. A. McClellan, City Secretary