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AN O~DINANCE i~°OSING AND COLLECTING TAXES ON R~L ESTATE, TANGI- BLE PERSOi~AL PROPF~RTY~ AND ~CHINERY AND TOOLS WITHIN T~qE LIMITS OF THE CiTY OF PORTSMOUTH, VlRGINIA~ FOR THE PUP~POSE OF RAISING -R~WENUE FOR THE SUBPORT OF THE GOVERh~ENT AND THE PUBLIC FREE SCHOOLS AND TO PAY INTEREST AND SiNKiN? FMND ON TP~ PUBLIC DEBT FOR T~ FISCAL YEAR BEGINNING JULY' la ~4 AL~ ENDING JUNE 30~ i975~- Be it ordained by the Council of the City of Ports- ~uth, Virginia: I. For the fiscal year beginning July 1~ 1974, and ending June 30~ i975~.~&~d-.~e~f'~f~tii annu!!e~ by~ord~inance, ~he following tax shall be placed ~n real estate, tangible per- sonal property, and machinery and tools wit~hin the limits of the City of Portsmouth, for the purpose of raising revenue for the support of the goverrkment and the public free schools and to pay interest and sinking fund on the public debt. 2. The tax on real estate for the City of Portsmouth, Virginia~ shall be Two and 60/100 ($2.60) Dollars on each one hundred dollars assessed valuation thereof. Classification of Tangible Personal Property: (a) The following shall be classified as Tangible Personal Property and taxes at the rate of Four ($4.00) Dollars on each one hundred dollars assessed valuation thereof. (1) The aggregate number of horses, mules and other kindred animals and the value thereof. (2) The number of cattle and the value thereof. (3) The number of sheep and goats and the value thereof. (4) The number of hogs ar~ the value thereof. (5) The aggregate number and value of all automobiles, motor trucks, motorcycles and all other motor ve- hicles, except any vehicle without motive power used or designed to be used as a mobile home or office, or for other means of habitation by any person. (6) The aggregate value of all animal-draw~ vehicles and bicyc!es~