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AN ORDINANCE TO RE-ENACT ORDINANCE NO. 1996-29 IMPOSING AND <br />LEVYING TAXES FOR EACH FISCAL YEAR BEGINNING JULY 1ST AND <br />ENDING JUNE 30TH, UNLESS OTHERWISE CHANGED BY COUNCIL, ON REAL <br />ESTATE, TANGIBLE PERSONAL PROPERTY, PRIVATELY OWNED PLEASURE <br />BOATS, PRIVATELY OWNED CAMPING TRAILERS AND MOTOR HOMES, AND <br />MACHINERY AND TOOLS WITHIN THE CITY OF PORTSMOUTH, VIRGINIA, <br />FOR THE PURPOSE OF RAISING REVENUE FOR THE SUPPORT OF <br />GOVERNMENTAL OPERATIONS AND THE PUBLIC FREE SCHOOLS AND TO PAY <br />PRINCIPAL AND INTEREST ON THE PUBLIC DEBT. <br /> <br /> BE IT ORDAINED by the Council of the City of Portsmouth, <br />Virginia: <br /> <br /> 1. That Ordinance No. 1996-29 is re-enacted imposing and <br />levying taxes for each fiscal year beginning July 1st and <br />ending June 30th, unless otherwise changed by Council, on real <br />estate, tangible personal property, privately-owned pleasure <br />boats, privately-owned camping trailers and motor homes, and <br />machinery and tools within the City of Portsmouth, Virginia, <br />for the purpose of raising revenue for the support of <br />governmental operations and the public free schools and to pay <br />principal and interest on the public debt. <br /> <br /> 2. That this ordinance shall take effect on July 1, <br />1997. <br /> <br /> Adopted by the Council of the City of Portsmouth, <br />Virginia, at a meeting held on May 6, 1997. <br /> <br /> Teste: <br /> <br /> <br /> City Clerk <br /> <br /> <br />