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thereafter collected with respecz to the tax on public utility services as thereto- fore effective, shall be transferred and paid over forthwith into a separate £und known as the General Capital Improvement Fund, to be applied as appropriated from time to time by Council to the cost of constructing or purchasing general capital improvements; provided, however, that priority of expenditure to the extent funds are availmble in any one year shall be as follows: (a) first, the amount necessary for debt service on and retire- ment of outstanding bond issues pertaining to school construction; (b) second, the amo%mt of two hundred fifty thousand ($250~000.00) dollars for construction of curbs, gutters, and storm drains; and (c) third, all other general capital improvemenzs~ Section 2: This ordinance being necessary for the preservation of the pub- lic health, morals and safety, an emergency is declared to exist and it shall take effect from its passage; however, the application of the tax levied and imposed by this ordinance is subject to the following provlsions: on all charges for local ex- change telephone service, electricity service and gas service appearing on bills dated prior to J~_ue 1, 1959, and on all charges for water servlce appearing on bills dated prior to July l, 1959, the tax shall be computed in accordance with the provismons of Sections 8-53 to 8-62, inclusive, of the Code of the City of Portsmouth, 1951, prior to amendment thereof by this ordinance; on all charges for local exchange tele- phone service, electricity service and gas service on hills dated om or after June 1, t959, and on all charges for water service appearing on bills dated on or after July 1, 1959, the tax shall be as provided in this ordinance° Section S: If any part of this ordinance shall be for any reason adjudged invalid, such invalidity shall no~ affect the Darts which are not adjudged invalid. Adopted by the Council on MAy 26, 1959. True Copy Teste: City Clerk