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• <br />0 <br />9 <br />• <br />0 <br />• <br />ORDINANCE NO. 399 <br />AN ORDINANCE OF THE CITY OF NEWPORT BEACH AMENDING <br />ORDINANCE N0. 334 OF THE CITY OF NEWPORT BEACH AND <br />PROVIDING FOR THE LEVY AND COLLECTION FOR EACH <br />FISCAL YEAR OF A TAX OF FIVE CENTS (50) ON EACH <br />ONE HUNDRED DOLLARS (,$100.00) OF ASSESSED VALUATION <br />FOR ADVERTISING PURPOSES IN LIEU OF THE TAX OF TEN tiY <br />CENTS (10¢) ON EACH ONE HUNDRED DOLLARS ($100.00) ti <br />FOR ADVERTISING PURPOSES AS PROVIDED FOR BY SAID <br />ORDINANCE NO. 334; PROVIDING THE MANNER OF USING <br />SUCH TAX AND THE TIME OF COLLECTION THEREOF AND <br />ORDERING THE SUBMISSION OF THIS ORDINANCE TO <br />ELECTORS OF THE CITY OF NEWPORT BEACH AT THE NEXT <br />REGULAR. SUCCEEDING MUNICIPAL ELECTION. <br />The City Council of the-City of Newport Beach do ordain <br />as follows: <br />Ordinance No. 334 of the City of Newport Beach is hereby <br />amended to read as follows. <br />SECTION 1. <br />for and levied in each <br />($100.00) of assessed <br />Newport Beach which is <br />A tax of five cents (5¢) is hereby provided <br />fiscal year upon each one hundred dollars <br />valuation of all property in the City of <br />taxable therein for municipal purposes. <br />SECTION 2. The tax provided for in Section 1 of this <br />Ordinance shall be in addition to all other taxes now authorized <br />by law to be levied. The Tax Collector shall compute the amount <br />of said tax to be paid by each tax -payer based upon the equalized <br />assessed value of property assessed to such tax -payer and said tax <br />shall be added to the tax roll of the City of Newport Beach and <br />shown upon all tax statements and tax receipts issued by the Tax <br />Collector. The time of collecting said tax and the mode and <br />manner of levying and collecting the tax herein provided for shall <br />be the same as is provided for, applied to and governing in the <br />assessment and collection of other municipal taxes in and for <br />the City of Newport Beach. <br />SECTION 3. The said tax when collected shall be paid <br />into the treasury of the City of Newport Beach in the same manner <br />and at the same time as all other taxes of the City of Newport <br />Beach, to the credit of the advertising fund and the money realized <br />from said tax shall be expended for legitimate advertising purposes <br />of the City of Newport Beach in such manner as the City Council <br />may deem best, providing that all such advertising shall be first <br />submitted to and approved by the City Council and all money expended <br />therefore shall be by the usual claim presented against the City, <br />duly audited, and a warrant issued upon the Treasury of the City of <br />Newport Beach, charged against said advertising fund. <br />SECTION 4. This Ordinance shall not become effective <br />until the same shall have been submitted to the electors of the <br />City of Newport Beach at the next regular municipal election to <br />be held at and within the City of Newport Beach on the 11th day of <br />April, 1932, and at said election there shall be and is hereby <br />submitted to the electors of the City of Newport Beach this Ordinance <br />and the electors of the City of Newport Beach shall be and are <br />hereby invited to vote for or against this Ordinance, and the <br />adoption thereof and the form in which said Ordinance shall be <br />submitted to said electors as hereinbefore provided for shall be <br />as follows: <br />Shall Ordinance No. 399 providing for the levy. <br />and collection for each fiscal year of a tax of <br />$.05 on each $100.00 for advertisin purposes YES <br />in lieu of the tax of $.10 on each 1100.00 for <br />advertising purposes as provided for in Ordinance <br />No. 334 of the City of Newport Beach, be adopted? <br />Shall Ordinance No. 399 providing for the levy <br />and <br />collection for each <br />fiscal year of a tax of <br />NO <br />$:05 <br />on each $100.00 for <br />advertising purposes in <br />0 <br />lieu <br />of the tax of $.10 <br />on each $100.00 for <br />advertising purposes as provided for in Ordinance <br />iJo. 334 of the City of Newport Beach be adopted? <br />