SECTION 12.01   LIMITATION ON THE RATE OF AD VALOREM TAXATION.
   For the purpose of paying the current operating expenses of the Municipality, paying principal of and interest on notes and bonds of the Municipality issued without a vote of the people and paying any other expense which may lawfully be included within the general levy for the General Fund of the Municipality, the Council is hereby granted the authority, without a vote of the people and as a part of the overall limitation provided for by this Article, to levy taxes annually upon the tax lists or duplicates of property assessed and listed for taxation according to value, an amount not in excess of the minimum levy for current expenses and debt service to which the Municipality is entitled by State statute within the Constitutional and statutory ten-mill limitation. 
(Enacted 11-5-96)