Laserfiche WebLink
-3- <br /> <br /> The annual taxes on real estate shall be paid in two equal installments~ the <br />first installment for the year 1960 shall be paid on or before June 30, 1960. Any <br />person failing to pay the first installment on or before June 30, 1960~ shall incur <br />a penalty of five per cent on the amount of taxes due on such installment° Any person <br />failing to pay the second installment on or before December 5~ 1960, shall incur a <br />penalty of five per cent on such installment, said p~nalty on both installments to <br />he added to the principal amount of the taxes~ Should the taxes due on the first in- <br />stallment not be paid by July 31~ 1960, interest at the ra~e of six per cent per annum <br />shall be added to the principal amount of the taxes so due until the same are paid° <br />Should the taxes on the second installment not be paid by December 31~ 1960s interest <br />at the rate of six per cent per annum shall be added to the principal amount of the <br />taxes so due until the same are paid° <br /> <br /> Should the taxes not he paid before the property is advertised or posted as <br />delinquent, an expense charge of fifty cents for each parcel assessed shall be <br />collected~ <br /> <br /> Any person failing to pay the taxes on tangible personal property and machinery <br />imposed by this ordinance on or before December 5~ 1960, shall incur a penalty of <br />five per cent on the amount of said taxes° Should said taxes not be paid by Decem- <br />ber 31, 1960~ interest at the rate of six per cen~ per annum from that date until <br />paid shall likewise be added o <br /> <br /> All interest and penalties shall be added to the taxes and collected by the <br />City Treasurer as~,a part thereof° <br /> <br /> Adopted by the Council of the City of Portsmouth, Virginia, at a meeting held <br />on January 26, 1960o <br /> <br />City Clerk <br /> <br /> <br />