Sec. 9.1. Power to tax; tax limits.
The City shall have the power to annually levy and collect rents,tolls, and taxes for municipal purposes.
Exclusive of any levy for the payment of principal and interest on outstanding general obligation bonds, and exclusive of any other levies authorized by statute to be made beyond Charter tax rate limitations, such levy shall not exceed two per cent of the assessed value of all real and personal property in the city.
State Law References: Mandatory that Charter provide for annual laying and collecting of taxes, MCL 117.4(g).