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~N ORDLM,~NCE TO ~w~END SECTIONS 10-36, t0-41, 10~49 AND 10-60 O,~ ~ CODE OF 'I~'~d~ C~iT'OF PORTSMOD~fH, V~RGINIA, 1961, CHANGING THE TAX ~R OF ~ CITY FROM A CALENDAR 'YF_~R TO THE FISCAL YEAR CO~CING ON THE FIRST DAY OF JULY OF EACH YEAR. Be it ordained by the Council of the City of Portsmouth, Virginia: 1. That sections 10-36, 10-41, 10-49 and 10-60 of the Code of the City of Ports~outh, Virginia, 1961, be amended and reordained to r~ad as follows: Section 10-36. Preparation of assessments of persons s~nd property; delivery of property assessments to city treasurer. ?ne commissioner of the revenue sP~ll proceed, annually, on.the first day of January, to make assessments of all persons and property subject to taxation by the provisions of this Code or other ordinances of the city in the same msmner and form as is re- quired by the revenue laws of the State. The assessment of all personal property shall become effective for tax purposes on the first day of July of each year.' He s~ll record such assessments~ ~on separate rolls or books of assessment for the city, retaking the necessary co~,~plete copies thereof. He shall deliver to the city treasurer a copy of the record of assessments of personal pro- perry on or before September first of each year. Section 10-41. Adoption of annual tax ordinance. The council shall, at the first regular meetirg in May of each year or as soon thereafter as practicable, adopt a tax ordinance, which shall specify the amount of per ~nnt~n tax which .is to be le~ed upon the real and personal property, and upon per- sons, within the city, for such year. Section 10-49. F~fective date of assessments. Every annual assessment shall be effective for tax our- poses on the first day of July of the fiscal year for which t~e assessment is made arid the taxes and other charges shall be extended