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ORD 1988-211: 1 11ki M. � W: � WVJ M. IM ORD. 2001-19 08/27/01 TOWN OF TROPHY CLUB, TEXAS ORDINANCE NO. A ORDINANCE OF THE TOWN OF TROPHY CLUB, TEXAS ADOPTING AN EXEMPTION FROM THE TOWN'S AD VALOREM TAX FOR PERSONS 65 YEARS OF AGE OR OLDER IN THE AMOUNT OF $ 25,00Q,00 OF THE APPRAISED VALUE OF THE RESIDENCE HOMESTEAD; PROVIDING A SEVERABILITY CLAUSE; PROVIDING A SAVINGS CLAUSE PROVIDING AN EFFECTIVE ]TATE. WHEREAS, the Town Council of the Town of Trophy Club, Texas (the "Town") is authorized and empowered under Tex. Tax Code Ann. §11.13(d) (Vernon), as amended, to adopt an exemption from the Town's ad valorem tax for persons who are 65 years of age or older. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: Section 1. That all of the above premises are found to be true and correct and are incorporated into the body of this ordinance as if copied in their entirety. Section 2. That there is hereby adopted and established an exemption from the ad valorem tax levied by the Town Council for persons who are 65 years of age or older in the amount of $ of the appraised value of their residence homestead. Section 3. That the exemption from taxation adopted hereby shall be effective as of the date of this ordinance and beginning with the tax year 1989 and for all subsequent tax years. Section 4. If any section, article, paragraph, sentence, clause, phrase or word in this ordinance, or application thereto any person or circumstances is held invalid or unconstitutional by a Court of competent jurisdiction, such holding shall not affect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed such remaining portions of the ordinance despite such invalidity, which remaining portions shall remain in full force and effect. Section 5. This Ordinance shall be cumulative of all other ordinances of the Town of Trophy Club, Texas, affecting taxation and shall not repeal any of the provisions of said ordinances except in those instances where provisions of those ordinances are in direct conflict with the provisions of this Ordinance. 0059V Section 6. That this ordinance shall take effect from and after its date of passage. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas this the 26 day of September 1988. /1 J z Z—IIa­,3--Towh of Ttophy Club, Texas ATTE T• 47 To n secretary Town of Trophy Club, Texas [SEAL] APPROVED AS TO PFORM.- TovTn—Atorney Town of Trophy Club, Texas -2-