This code, if valid and effective, repeals all previous ordinance provisions inconsistent herewith. Such ordinance provisions, however, will remain in effect if the inconsistent provisions herein are found to be unconstitutional or ineffective. The tax obligations incurred under Ordinance No. 845, as amended, shall remain in full force and effect until continued or supplanted by tax obligations under this code.
(Prior code § 8-025)
A. 
Pursuant to the authority granted to the City Council by Article XIX of the City Charter, the City will operate on a fiscal year commencing on July 1st and ending on the subsequent June 30th, beginning with July 1, 1956. The City will therefore operate on a six months' budget and will adopt a tax rate to be applied to the secured tax roll for the period January 1 through June 30, 1956. All of the provisions hereof will continue in effect except as they may be inconsistent with the adoption of said six months' budget and tax rate for the first six months of 1956. In accordance with the City Charter provision referred to, this section is not to be construed to effect any changes in the functions and procedures established by the City Charter and the provisions hereof relating to budgeting and tax collection, but is designed solely to permit a change in the fiscal year with a transition budget and tax rate so that the City may avail itself of the powers granted by the provisions of Section 19 of Article XXII of the City Charter which authorize the assessment, levy, and collection of City ad valorem property taxes and assessments by the County.
B. 
Section 3.04.630 of this code will not apply insofar as it requires the collection of taxes in 10 monthly installments. Under the transition tax rate to be established, the current taxes on all personal property secured by real property and the taxes on all real property listed on the assessment rolls of the City after equalization will be due on February 1st and the same will be payable one-fifth thereof on February 1st and one-fifth thereof on the first day of each month thereafter to and including June 1st. In the event that any of the installments of said taxes are unpaid on the last day of the month in which the same became due as herein specified, a penalty of 2% per month will be added to said installment.
C. 
Provided that when current taxes are paid in full in one payment for the six month period ended June 30, 1956 and such payment is made on or before the 10th day of June, 1956, no penalty shall be charged or collected on any installments payable prior to the date of such payment.
D. 
In connection with Article XV of this chapter, collection of taxes, and to implement the transition herein provided for on the 30th day of June, 1956 at 5:00 p.m., all current taxes and assessments levied for the fiscal period January 1, 1956 to June 30, 1956, which are then unpaid are delinquent and thereafter the Tax Collector must collect for the use of the City all of the penalties which have accrued thereon by virtue of the failure to pay any or all installments of said taxes and assessments at the time they become payable.
E. 
In connection with Article XVIII of this chapter, tax sales, and to implement the transition herein provided for, on or before July 31, 1956 the Tax Collector shall post the delinquent list. All other provisions of Sections 3.04.840 and 3.04.850 shall remain in force except the posting date of the delinquent list.
(Prior code §§ 8-026.1, 8-026)