(a) An annual license tax (in addition to the tax levied by Ohio R.C. 4503.02, 4503.07 and 4503.18) is hereby levied upon the operation of motor vehicles on the public roads or highways.
(b) Such tax shall be at the rate of five dollars ($5.00) per motor vehicle on all motor vehicles the district of registration of which, as defined in Ohio R.C. 4503.10, is in the Village of Cadiz, Ohio.
(c) Such tax shall be in addition to the taxes at the rates specified in Ohio R.C. 4503.04 and 4503.16, subject, to quarterly reductions in the manner provided in Ohio R.C. 4503.13 and the exemptions provided in Ohio R.C. 4503.16, 4503.17 and 4503.171.
(d) Such annual license tax shall be collected pursuant to Ohio R.C. 4504.06 and 4504.07.
(e) Said tax shall be used for the purpose of paying the costs and expenses of enforcing and administering the tax provided for in this section; and for planning, constructing, improving, maintaining, and repairing public roads, highways, and streets; maintaining and repairing bridges and viaducts; paying the municipal corporation’s portion of the costs and expenses of cooperating with the Department of Transportation in the planning, improvement, and construction of State highways; paying the municipal corporation’s portion of the compensation, damages, cost, and expenses of planning, constructing, reconstructing, improving, maintaining, and repairing roads and streets; paying any costs apportioned to the municipal corporation under Ohio R.C. 4507.47; paying debt service charges on notes or bonds of the municipal corporation issued for such purposes; purchasing, erecting and maintaining street and traffic signs and markers; purchasing, erecting and maintaining traffic lights and signals; and to supplement revenue already available for such purposes.
(Ord. 75-11. Passed 5-15-75.)