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_TT~e ann~al taxes on real estate shall be paid in t~o equal installments, <br />first installment for the year 1959 shall be paid on or before June 30, 1959o Any <br />person failing ~o pay the firss ins*~%llment on or Defers June 30, 1959, shall incur <br />a penalty of five per cent on the amount of taxes due on such installment. Any <br />failing to pay the ~econd installment on or before December 5, ~955: shall incur <br />penalty of five per cer~t on such inst~ll~en~, said penalty on both installments to <br />~e added to tile ~rlncip~! amount el ~he ~axes. Should the t~xes d~e on ~he first <br />shall be add~ ~o the principal amount of the ~axes so due ~til ~e same ~re paid. <br />Shou!d~the taxes on the second installment not be paid by December 31, IS59, interest <br />at the ~ate of six per ce~per gnn~ sh~!l be ~dded to the principg! amount of the <br />t~xes so due until the same are ~id. <br /> <br /> Should %he taxes not be paid before the property is advertised or posted as <br />delinquent, an expense charge o~ f~f~y cents for ~ach p~rcel assessed shall be <br />collected~ <br /> <br /> ~.y person~ failing to pay the taxes on tangible personal propersy and <br />machinery imposed by this ordinance on or before December 5, 1959, shall incur a <br />penalty of five per cent on the amount of said taxes. Should said taxes not. be paid <br />by ,~c~.ber o_, !959, interest at the r~te of six per cent per ara~ from that date <br /> <br /> Al! interest and penalties shall be added to the ta~es an~ collected by the <br />City Collector as a part thereof~ <br /> <br />Adopted by the Council of the City of Portsmouth, Virginia, a~ a meeting held on <br />March 24, 1959o <br /> <br />~ity Clerk <br /> <br /> <br />