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4. That Paragraph 4 of 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, and 1991-110, is amended <br />and reordained to read as follows: <br /> <br />Tax on Machinery and Tools: <br /> <br /> The tax on machinery and tools used in a manufacturing, <br />mining, processing or reprocessing, radio or television <br />broadcasting, dairy, or laundry business in the City of <br />Portsmouth, Virginia, shall be two dollars and twenty-five <br />cents ($2.25) on each cne hundred dollars ($100.00) assessed <br />valuation thereof. <br /> <br />5. This ordinance shall take effect July 1, 1992. <br /> <br /> Adopted by the Council of the City of Portsmouth, <br />Virginia at a meeting held May 12, 1992. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />