There shall be imposed by the city, an ad valorem tax, pursuant to state statutes for the support of the Goodnight Memorial Library, which tax shall be at the rate of $0.05 per $100 of assessed property valuation. The tax shall be levied against each item of property subject to general ad valorem city taxes, and shall be levied and collected at the same time and in the same manner as are general as valorem city taxes. The failure of any tax payer to pay the tax shall be penalized in the same manner and to the same extent as failure to pay general city ad valorem taxes.
(1980 Code, § 220.3-3)