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AN ORDINANCE TO AMEND AND RE-ENACT ORDINANCE NO. 1985-39, AS
<br />AMENDED AND RE-ENACTED BY ORDINANCES NO. 1986-44, 1987-37,
<br />1988-38, 1989-33, 1990-30, 1991-35, 1991-110, 1992-28, 1993-25
<br />1993-43 AND 1994-35, IMPOSING AND LEVYING TAXES FOR EACH FISCAL
<br />YEAR BEGINNING JULY 1ST AND ENDING ~UNE 30TH, UNLESS OTHERWISE
<br />CHANGED BY COUNCIL, ON REAL ESTATE, TANGIBLE PERSONAL PROPERTY,
<br />PRIVATELY OWNED PLEASURE BOATS, PRIVATELY OWNED CAMPING
<br />TRAILERS AND MOTOR HOMES, AND MACHINERY AND TOOLS WITHIN THE
<br />CITY OF PORTSMOUTB, VIRGINIA, FOR THE PURPOSE OF RAISING
<br />REVENUE FOR THE SUPPORT OF GOVERNMENTAL OPERATIONS AND THE
<br />PUBLIC FREE SCHOOLS AND TO PAY PRINCIPAL AND INTEREST ON THE
<br />PUBLIC DEBT.
<br />
<br /> BE IT ORDAINED by the Council of the City of Portsmouth,
<br />Virginia:
<br />
<br /> 1. That Ordinance No. 1985-39, as amended and re-enacted
<br />by Ordinances No. 1986-44, 1987-37, 1988-38, 1989-33, 1990-30,
<br />1991-35, 1991-110, 1992-28, 1993-25, 1993-43 and 1994-35, is
<br />re-enacted as amended herein, imposing and levying naxes for
<br />each fiscal year beginning July 1st and ending June 30th,
<br />unless otherwise changed by Council, on real esnane, tangible
<br />personal properEy, privately owned pleasure boats, privately
<br />owned camping trailers and monor homes, and machinery and tools
<br />within the City of Portsmouth, Virginia, for the purpose of
<br />raising revenue for the support of governmental operations and
<br />the public free schools and to pay principal and interest on
<br />the public debt.
<br />
<br /> 2. That Paragraph 2 of Ordinance No. 1985-39 as amended
<br />and re-enacted by Ordinances No. 1986-44, 1987-37, 1988-38,
<br />1989-33, 1990-30, 1991-35, 1991-110, 1992-28, 1993-25, 1993-43
<br />and 1994-35, be amended and reordained to read as follows:
<br />
<br />Tax on Real Estate:
<br />
<br />(a) Other than public service corporations:
<br />
<br /> The tax on real estate for the City of Portsmouth,
<br />Virginia, exclusive of public service corporations shall be one
<br />dollar and thirty-six cents ($1.36) on each one hundred dollars
<br />($100.00) assessed valuation thereof°
<br />
<br />(b) Public service corporations:
<br />
<br /> The tax on real estate of public service corporations
<br />shall be one dollar and thirty-six cents ($1.36) on each one
<br />hundred dollars ($100.00) assessed valuation thereof.
<br />
<br />
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