4 - City of Oxford

97768 1.70111WICC1112
MINUTE BOOK No. 24, CITY OF OXFORD
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 collec
ting 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, 1969.
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:
I. Collector agrees to collect for the taxable year beginning October 1,
1969, 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 vehicles, 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 2nd day of September, 1969, as
amended, for municipal ad valorem taxes for said city and the Oxford Municipal
Separate School Distict. All suc 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.
3. Collector agrees to faithfully account for and deliver to City all
of the money collected by him, his employees, agents, servants and clerks on
behalf of City and the Oxford Municipal Separate School District on or before
the 20th day of the month following that in which the funds are so collected,
provided, however, that in making said monthly settlements the Collector may
deduct therefrom his compensation as provided in this agreement and account
for the same at the time of such remittance.