From and after the effective date of this act, the citizens and property of the Town of St. James shall be subject to municipal taxes levied for the year beginning July 1, 1999, and for that purpose the town shall obtain from Brunswick County a record of property in the area herein incorporated which was listed for taxes as of January 1, 1999. The town may adopt a budget ordinance for fiscal year 1999-2000 without following the timetable in the Local Government Budget and Fiscal Control Act, being G.S. §§ 159-7 et seq., but shall follow the sequence of actions in the spirit of the act insofar as is practical. For fiscal year 1999-2000, ad valorem taxes may be paid at par or face amount within 90 days of adoption of the budget ordinance, and thereafter in accordance with the schedule in G.S. § 105-360 as if the taxes had been due and payable on September 1, 1999. If this Act is ratified before July 1, 1999, the town may adopt a budget ordinance for fiscal year 1993-1999 without following the timetable in the Local Government and Budget Control Act, but shall follow the sequence of actions in the spirit of the Act insofar as is practical, but no ad valorem taxes may be levied for the 1998-1999 fiscal year.
(Ord. passed 7-1-1999)