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4J The tax on machinery and tools used in a manufacturin~ or mining business for the City of Pert~mouth, Virginia, shall be ~nree ($3.00) Dollars on each one hundred dollars of assessed valuation thereof. 5. (a) The annual~ taxes on real estate shall be paid in four equal installments: the~first installment for the year 1968 shall be paid on or before March 31, 1968~ the second installment for the year 1968 shall be paid on or before Jum. e 30, 1968, the third installment for the year 1968 shall be paid on or before September 30, 1968~ and the fourth installment for the year 1968 shall be paid on or before December 5, 1968. (bi In the event any installment of taxes on real estate is not paid on or before the time the same is due snd payable there s~hall _ be added thereto a penalty of five per cent of the amount of such', unpaid installment, and such installment ~hall bear interest of one-half of one per cent per month, or fraction thereof, from the date the same is due and paya.~ie until paid. (c) Shou3dany installment of taxes on real estate be not paid before the .property is advertised or posted as delinquent, an expense charge of twenty-five cents for each installment on each parcel assessed shall be collected. 6. Any person failing to pay the taxes on tangible personal property, and machinery and tools ir~osed by this Ordinance on or before December 5, 1968, shall incur a penalty of five per cent on the amount of said taxes. Should said taxes not be paid by Dece~er 5, 1968, interest at the rate of six per cent per annum from that date until paid shall likev~se be added. ?. All interest and penalties shall be added to the taxes and collected by the City Treasurer as a part thereof. . 8. An emergency exists and this ordinance sb~ll take effect from its passage. Adopted by the Council of the City of Portsmouth, Virginia at a rm~eting held on Js~nuary 23, 1968. Teste: _ City Clerk