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AN ORDINANCE TO RE-ENACT ORDINANCE NO. 1998-14 IMPOSING AND <br />LEVYING TAXES FOR EACH FISCAL YEAR BEGINNING JULY 1ST AND <br />ENDING JUNE 30TH, UNLESS OTHERWISE CHANGED BY COUNCIL, ON <br />REAL ESTATE, TANGIBLE PERSONAL PROPERTY, PRIVATELY OWNED <br />PLEASURE BOATS, PRIVATELY OWNED CAMPING TRAILERS AND <br />MOTOR HOMES, AND MACHINERY AND TOOLS WITHIN THE CITY OF <br />PORTSMOUTH, VIRGINIA, FOR THE PURPOSE OF RAISING REVENUE <br />FOR THE SUPPORT OF GOVERNMENTAL OPERATIONS AND THE PUBLIC <br />FREE SCHOOLS AND TO PAY PRINCIPAL AND INTEREST ON THE PUBLIC <br />DEBT. <br /> <br /> BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br /> <br /> 1. That Ordinance No. 1998-14 is re-enacted imposing and levying taxes for <br />each fiscal year beginning July 1st and ending June 30th, unless otherwise changed herein <br />by Council, on real estate, tangible pexsonal property, privately-owned pleasure boats, <br />privately-owned camping trailers and motor homes, and machinery and tools within the <br />City of Portsmouth, Virginia, for the purpose of raising revenue for the support of <br />governmental operations and the public free schools and to pay principal and interest on <br />the public debt. <br /> <br />2. That this ordinance shall take effect on July 1, 1999. <br /> <br /> Adopted by the Council of the City of Portsmouth, Virginia, at a meeting held on <br />April 27, 1999. <br /> <br /> Teste: <br /> <br /> <br /> City Clerk <br /> <br /> <br />