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A_N ORDINANCE TO A~RND CHAPTER 8 OF THE CODE OF THE CITY OF PORTS- MOUTH, VIRGINIA, 1951. AS ANIENDED, BY ADDING THERETO SECTIONS 8-t.13~1 THROUGH S-1.13oS, INCLUSIVE, ESTABLISHING DATES WILEN TAXES ON REAL ESTATE AND PERSONAL PROPERTY ARE DME AND PROVIDING PENALTIES AND INTEREST C~RGES FOR LATE PAYN~NTS. Be it ordained by the Council of the City of Portsmouth. Virginia, that Chapter 8 of the Code of the City of Portsmouth~ Virginia, 1951, as amended~ be amended by adding thereto Sections 8-1o13.1 through 8-1o13.6, inclusive~ to read as follow: Section 8-1o13.1. When city taxes on real estate due and payable° City taxes on real estate for each year shall be due and payable during the year for which the same are assessed in four equal installments, as follows: one-fourth thereof on March thirty-first, one-fourth thereof on June thirtieth, one-fourth thereof on September thirtieth and one-fourth thereof on December fifth of said year. Section 8-1.t3,2o Penalties when city real estate taxes not paid on time. In the event any installment of taxes on real estate is not paid on or before the time the same is due and payable there shall be added thereto a pel~alty of five per cent of the amount of such unpaid installment, and such installment shall bear interest of one-half of one per cen~ per month, or fFaetion thereof, fro~ the date the same is due and payable until paid. Should any installment of taxes on real estate be no~ paid before the property is advertised or posted as delinquent, an expense charge of ~wenty- fiv~ cents for each installmen~ on each parcel assessed shall be collected. Section 8-1.13.3. When city taxes on personal property and machinery payable; interest on such taxes. City taxes on personal property and mach%nery shall be paid on or before the fifth day of December of the year in which said zaxes are assessed, and shall bear interest at the rate of one-half of one per cent per month, or fraction thereof, from the date the same is due and payable until paid. Section 8-1.13.4. Penalty for non-payment of taxes on personal property and machinery, In the event any ~axes on personal property or machinery are not paid on or before the time the same are due and payable there shall be added thereto a penalty of five per cent of such unpaid taxes. Section 8-1o13.5. Notice, The City Treasurer shall, at least fifteen days prior to the time any city taxes are due, or any installment thereon, give public notice by advertise- ment in two of the daily newspapers published in the city of the due date for such taxes and the penalties for failure to pay same when due.