[R.O. 2008 § 130.160; Ord. No. 1117 § 1, 8-21-2006]
Pursuant to the authority granted by and subject to the provisions of Sections
94.500 through
94.577, RSMo., a tax for the purpose of funding capital improvements consisting of construction of a new City hall building, including the operation and maintenance of capital improvements and other such capital improvements within the City of Pevely, Missouri, is hereby imposed upon the receipts from the sale at retail of all tangible personal property or taxable services at retail within the City to the extent and in the manner provided in Sections
144.010 to
144.527, RSMo., and the rules and regulations of the Director of Revenue issued pursuant thereto. The rate of the tax shall be one-half of one cent ($0.005) of the receipts from the sale at retail of all tangible personal property or taxable services at retail within the City of Pevely, Missouri, if such property and services are subject to taxation by the State of Missouri under the provisions of Sections
144.010 to
144.527, RSMo. The tax shall become effective as provided in Section
94.577, RSMo., and shall be collected as provided by Statute. Thereafter said tax shall be deposited to and held in a separate trust fund to retire any bonds specially issued in order to fund such capital improvements, or alternatively, in order to pay for any indebtedness incurred by the City in order to construct such capital improvements, except to the extent that such funds are required for the operation and maintenance of such capital improvements.