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HomeMy WebLinkAbout134 - Rate Per Centum & Property TaxesCOPY RESOLUTION NO. 134 COPY 1 A RESOLUTION OF THE BOARD OB TRUSTEES OF THE CITY OF NEWPORT • BEACH FIXING THE RATE PER CENTUM AND LEVYING A TAX UPON ALL OF 2 THE TAXABLE PROPERTY WITHIN THE CITY OF NEWPORT BEACH WHICH IS TAXABLE THEREIN FOR MUNICIPAL PURPOSES. • L' • 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 • 31 32 The Board of Trustees of the City of Newport Beach do resolve and declare as follows: 1st. Resolve that there be and is hereby levied upon all of the taxable property within the City of Newport 'each, which is taxable therein for municipal purposes, a tax for the purpose of raising the necessary money with which to carry on the various departments of the City of Newport Beach for the current fiscal year. 2nd. Resolve that the rate per centum of the tax hereinafter levied and shall be and is hereby fixed at the sum of 100 cents on each one hundred dollars (6100.00) of value designated for each fund as-follows: For the Street Fund 4C cents For the Salary Fund 20 cents For the Current Expense Fund 40 cents Total Tax 'Levy 100 cents. 3rd. Resolve that in addition to all other taxes herein levied for municipal purposes, there is hereby levied on all of the taxable property within the City of Newport Beach, a tax for the purpose of raising the necessary and sufficient money to pay the annual interest on all issued outstanding and unpaid municipal bonds of the City of Newport Beach, and also such part of the principal thereof as shall become due before the time for fixing the next general tax levy in and for said City: the rate of the tax hereby levied for said purpose is fixed at 6C cents on each one hundred dollars of value, and the same shall be collected at the same time and in the same manner -1- I 2 • 3 4 • 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 . 28 • 29 30 • 31 32 as all other municipal taxes are collected. 4th. Resolve that in addition to all other taxes herein levied, there is hereby levied on all the taxable property within the City of Newport Beach, a tax of 15 cents on each one hundred dollars for advertising purposes, pursuant to the provisions of Ordinance No. 144, submitted toy and carried by a majority of the votes of, all the voters voting at an election held ofr the purpose of voting for or against said Ordinance on the 24th day of September, 1918. The above and foregoing Resolution was passed, adopted and approved by the Board of Trustees of the City of Newport Beahh at a regular meeting thereof held on the 7th day of September 19207 by the following vote, to wit: AYES, TRUSTEES: J.P. Greeley, J.J. Schmitken, Art. L. Heard, Conrad Richter, L.S. Wilkinson. NOES TRUSTEES: NONE ABSENT TRUSTEES: NONE The above and foregoing Resolution No. 134 is approved by me this 7th, day of September, 1920. ATTEST: Alfred Smith City Clerk -2- r ees. 0 0 • STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF NEWPORT BEACH) Mae L. Hoit I, U7txK4xPIRIEM, City Clerk of the City of Newport Beach, California, do hereby certify that according to the records of the City of Newport Beach filed and main- tained in my office, the foregoing Resolution No. 134 was duly and regularly adopted, passed, and approved by the City Council of the City of Newport Beach, California, at a regular meeting of said City Council held at the regular meeting place thereof, on the 7th day of September , 19 20 , by the following vote, to wit: AYES, COUNCILMEN: J.P. Greeley, J.J. Schmitkeny Art L. Heard, L.S. Wilkinson. NOES, COUNCILMEN: none ABSENT COUNCILMEN: none Dated this 5th day of May , 19 55. • • Cit. Clerk and Ex- Officio Clerk of the City Council, City of Newport Beach, State of California.