The Village Board shall, on or before the second Tuesday of August in each year, ascertain the total amount of appropriations for all corporate purposes, legally made (by an ordinance termed “the annual appropriation bill”), and the said Village Board shall, by ordinance, levy and assess such amount, so ascertained, upon the real and personal property within said village, subject to taxation, as the same is assessed for state and county purposes for the current year, taking into consideration the probable revenue of said village from sources other than by general taxation. Said ordinance may be entitled as follows: “An ordinance imposing village tax for the year A.D. 20_,” (stating in figures the current year).
(Ord. 14, passed 1-5-1891)