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AN ORDINANCE TO RE-ENACT ORDINANCE NO. 1985-39 AS RE-ENACTED <br />BY ORDINANCES NO. 1986-44 AND 1987-37 IMPOSING AND LEVYING <br />TAXES FOR EACH FISCAL YEAR BEGINNING JULY 1ST AND ENDING JUNE <br />30TH, UNLESS OTHERWISE CHANGED BY COUNCIL ON REAL ESTATE, <br />TANGIBLE PERSONAL PROPERTY, AND MACHINERY AND TOOLS WITHIN <br />THE CITY OF PORTSMOUTH, 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 as <br />=e-enacted by Ordinances No. 1986-44 and 1987-37, is <br />we-enacted imposing and levying taxes for each fiscal year <br />beginning July 1st and ending June 30th, unless otherwise <br />changed by Council on real estate, tangible personal <br />property, and machinery and tools within the City of <br />Portsmouth, Virginia, for the purpose of raising revenue for <br />the support of governmental operations and the public free <br />schools and to pay principal and interest on the public debt. <br /> <br />2. This ordinance shall take effect as of July 1, 1988. <br /> <br /> Adopted by the Council of the City of Portsmouth, <br />Virginia, at a meeting held May 16, 1988. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />