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76-6-Ordinance-Levying the Taxes-08/16/1976ORDINANCE NO 76-6 AN ORDINANCE FIXING THE TIME AND MANNER OF PAYING THE AD VALOREM TAXES LEVIED FOR THE USE AND BENEFIT OF THE GOVERNMENT OF THE CITY OF SANGER, TEXAS® BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SANGER, TEXAS: SECTION 1® That the ad valorem taxes hereafter levied by the gov® erning body of the City of Sanger, 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 up to and including the following January 31st, without penalty, but if not so paid such taxes 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 lst of the year next succeeding the year for which such taxes were levied or assessed, SECTION 2. Unpaid taxes for the assessment year and all prior years shall be considered delinquent as of February lst of the year next succeeding the year for which such 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 day of Ot , 1976 ayor ATTEST: