325-39 AN ORDINANCE ASSESSING AND IMPOSING ON EVERY INSURANCE COMPANY,
CORPORATION OR OTHER INSURER NOW ENGAGED IN OR CARRYING ON, OR
WHO SHALL H~EAFTER BE ENGAGED IN OR CARRY ON, THE BUSINESS OF
INSURING PROPERTY AGAINST LOSS OR DAMAGE BY FIRE OR TORNADO, AN
EXCISE TAX IN ADDITION TO ANY LICENSE TAX NOW LEVIED, AMOUNTING
TO ONE PER CENT (1%) OF ~tE GROSS ~0UNT OF RECEIPTS OF PREMIUMS
FROM POLICY HOLDERS ON ALL PREMIUMS COLLECTED ON FIRE AND TORNADO
INSURANCE POLICIES COVERING PROPERTY WITHIN TttE CITY OF DELRAY
BEACH, FLORIDA; AND APPROPRIATING THE MONEYS DERIVED FROM SUCH
TAX TO THE PENSION FUND OF THE FIRE DEPARTMENT OF THE CITY OF
DELRAY BEACH, FLORIDA.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF DELRAY
.... ~BEACH, FLORIDA, AS FOLLOWS'.
" Sectional. There is hereby assessed and imposed on every
insurance company, corporation or other insurer now engaged in
or carrying on, or who shall hereafter engage in or carry on,
the business of insuring property against loss or damage by fire
or tornado, an excise or license tax amounting to one (1%) per
cent of the gross amount of receipts of premiums from policy
holders on all premiums collected on fire and tornado insurance
· policies c~vering property within the corporate limits of the
., City of Delray Beach, Florida.
Section~ 2. All money derived from the taxes imposed by
this ordinance is hereby appropriated to the Fireman's Relief
and Pension Fund of the City of Delray Beach, Florida, which
shall be administered in accordance with the provisions of
Chapter 19,112, Laws of Florida, Acts of 1939, providing for the
creation and administration of a Firemen's Relief and Pension
Fund in certain cities and towns..
Section~ 3. The license tax herein assessed and imposed
shall be in addition to all other license taxes now levied by
the City of Delray Beach, Florida.
Section i4. The excise or license tax herein provided for
shall be payable and col±acted in the manner provided for by
Chapter 19,112, Laws of Florida, Acts of 1939, providing for
the creation and administration of a Fireman's Relief and Pension
i Fund in certain cities and towns.
Section 5. PASSED on second and final reading on the
~reSi~l~ of Cit~ CounCil
ATTEST: APPR0~
City Clerk - '[ Mayor