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AN ORDINANCE IMPOSING TAXES ON SHARES OF STOCK OF BANKS LOCATED IN THE CITY OF PORTSMOLrrll FOR ~IE YEAR 1963 AND [EREA~TER, FIXING THE RATE AND REQUIRING THE I~tEREOF, REQUIRING CERTAIN RHPORTS, AND PR~SCRIB- FOR THE VIOLATION ~IER~OF. Be it ordained by the Council of the City of Portsmouth, Virginia, that: 1. The word "bank", as used in this ordinance, shall have the same meaning as set forth in Section 55-46S of the Code of Virginia, 1950. 2. For the year 1965 and annually for each year thereafter, there is hereby levied :and imposed upon each stockholder of every bank located in the City of Portsmouth a tax at-the rate of Forty Cents per annum on each one hundred dollars of the taxable value of the shares of stock held by such stockholder in any such bank. The said tax is levied and imposed in accordance with and pursuant to the provisions of Sections 58-476 and S8-476.1 of the Code of Virginia, 19S0, and Shall be a first lien upon the istock standing in the name of all stockholders and upon the dividends thereon due and to become due, and shall have priority over all other liens except thp lien.of taxes due to the Commonwealth of Virginia. 3. For the purpose of assessing the taxes herein impose each of said bank~ shall deliver to the Commissioner of the Revenue of the City of Portsmouth, ~on or before February i of each year, a copy of the report suah bank is required by law to furnish the said Commissioner o~ the Revenue for the purpose of State taxation. 4. Each bank located in thils City shall on or before the first day of June, 1963, and anlnually before the first day of June of each yea~ thereafter~ p~y to the City Treasurer of this City the taxes hereby assessedl against the stockholders, and the City Treasurer shall t~ the bank paying such taxes a duplicate receit by Section 58-480 of, tke