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AN ORDINANCE TO AMEND SECTIONS 35-3 (aJ , 35-4, 35-16 AND 35-18, PERTAINING TO PRORATION OF TANGIBLE PERSONAL PROPERTY TAX. BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: Code of to read That Sections 35-3[a), 35-4, 35-16 and 35-18 of the the City of Portsmouth, Virginia, 1973, be amended as follows: Section 35-3. Date personal property tax payable; interest for nonpayment; penalty for nonpayment; payment of administrative cost. ga) City taxes on personal property, except as provided under Section 35-18 of this Code, and machinery and tools shall be paid on or before the 30th day of June of the year in which such taxes are assessed and shall bear interest at the rate of one percent ~1%) per month or fraction thereof from the first day of the month following the date the same is due and pay- able until paid. Section 35-4. Notice to taxpayers. The City Treasurer shall, except as provided under Section 35-18 of this Code, at least fifteen (15) days prior to the time any City taxes or installment thereon are due, give public notice by advertisement in two of the daily news- papers of general circulation in the City of the due date for such taxes and the penalties for failure to pay same when due. Section 35-16. Assessments of Personal Property. The Commissioner of the Revenue shall proceed annually, on the ist day of January, except as provided in ~35-18, to make assessments of all personal property,, other than personal property of public service companies which is assessed by the State Corporation Commission, subject to the taxation by the provisions of this Code or other ordinance of the City in the same manner and form as is required by the revenue laws of the State. He shall record such assessments, upon separate rolls or books of assessments for the City, making the necessary complete copies thereof. He shall deliver to the City Treasurer a copy of the record of assessments of personal property on or before the 15th day of May of each year and at such times as is necessary for the levying of personal property taxes. He shall -deliver to the City Treasurer copies of the records of assess- ments of personal property of public service companies which are assessed by the State Corporation Commission within thirty (30) days after he receives the same.