The Council, not later than the last Tuesday in August of each year, shall fix the rate of taxes, or rates of taxes if different portions or districts within the city require different rates, designating the number of cents upon each $100, and using as a basis the value of property as assessed by the County Assessor after same may be equalized and returned to the Council by the County Auditor as required by the Cal. Gov't Code.
('61 Code, § 8-1.04) (Ord. 83 N.S., passed - - )