4 - City of Oxford

4
97768 - clon-11170112
MINUTE BOOK No. 24, CITY OF OXFORD
separate assessment schedule of motor vehicles in the City of Oxford, Mississ-
ippi, and
WHEREAS, the previous Sheriff and Tax. Collector of Lafayette County,
Mississippi, has heretofore collected said ad valorem taxes for City, and
Collector has experienced personnel and has the equipment and facilities with
which to efficiently collect City's taxes for the taxable year 1968 and, by
virtue thereof, can collect said taxes more economically than could. City, and
WHEREAS, the collections of ad valorem taxes on motor vehicles within
the City of Oxford and the Oxford Municipal Separate School District will
fall into the bracket established by said Chapter 588 of three per cent (3%),
which percentage is inadequate to meet the expenses of the collection of said
taxes and, in order to induce Collector to assume the additional obligation of
collecting its taxes, City is willing to increase the fee to the Collector to
a flat over-all fee of five per cent (5%) of the amount collected for the City
of Oxford and the Oxford Municipal Separate School District, and
WHEREAS, City is of the opinion that it would be to the best interest of
the general public to employ Collector to collect motor vehicles ad valorem
taxes for the taxable year beginning October 1, 1968.
NOW, THEREFORE, in consideration of the premises and of the mutual bene-
fits to be derived herefrom the parties hereto do hereby mutually agree and
bind themselves, as follows:
1. Collector agrees to collect for the taxable year beginning October 1,
1968, all ad valorem taxes due the City of Oxford and the Oxford Municipal
Separate School District on all motor vehicles on which he, as tax collector
of Lafayette County, Mississippi, collects state and county ad valorem taxes.
In determining the amount of tax to be collected on such vehicle, Collector
shall use the valuation of the motor vehicles as set forth on the assessment
schedule of said City, the levies, to be made by the Mayor and Board of Alder-
men of the City of Oxford, Mississippi, on the 3rd day of September, 1968, as
amended, for municipal ad valorem taxes for said city and the Oxford Municipal
Separate School District. All such taxes shall be collected by Collector at
the same time such state and county ad valorem taxes are collected.
2. For collecting said taxes for City, City shall pay to Collector as
compensation for his services rendered hereunder, five per cent (5%) of all
ad valorem taxes due City and the Oxford Municipal Separate School District
on motor vehicles and collected by Collector during the term hereof and
Collector is hereby authorized to deduct his compensation of five per cent (5%)
of the total amount of such taxes collected by him at the time of his remitt-
ances of such collections to City as hereinafter provided.