§ 36.002 TAX LEVY; RATE.

To provide for the Cumulative Building and Equipment Fund, the Town Council shall levy annually, for five consecutive years, after the approval of such fund, a tax on all taxable property in the town at a rate as determined by the Town Council on the assessed valuation of property in the taxing district of the town.

('80 Code, § 3.04.020) (Ord. 11-1978, passed - -78)

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