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<br />mmlNANCE HO- 2 OO~O _ <br /> <br />AN ORDINANCE TO AMEND CHAPTERS 6 AND 22 OF THE CODE OF THE <br />CITY OF PORTSMOUTH, VIRGINIA (1988) BY AMENDING SECTIONS 6-33 <br />AND 22-85 THEREOF PERTAINING TO LATE PAYMENT PENAL TIES FOR <br />WATERCRAFT AND MOTOR VEHICLE LICENSE FEES. <br /> <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br /> <br />1. That Sections 6-33 and 22-85 of the Code of the City of Portsmouth, <br />Virginia (1988) be amended and reordained to read as follows: <br /> <br />Sec. 6-33. When fee assessed and collected; penalty for late payment. <br /> <br />The commissioner of the revenue shall begin to assess and the city treasurer shall <br />collect the license fee imposed by this article beginning January first of each year. If the <br />fee is not paid by June 5th of any year there shall be added thereto a penalty of ten (10) <br />percent or ten dollars ($10.00). whichever is greater, to be assessed and paid as a part <br />thereof. No penalty shall exceed the amount of the unpaid license fee. Interest shall <br />accrue at a rate of ten (10) percent per annum on the first day following the due date and <br />each month thereafter until paid in fulL <br /> <br />Sec. 22-85. Penalty for late payment of fee. <br /> <br />If any license fee imposed by this article is not paid by June 5th of any license <br />year. or in case of a motor vehicle, trailer, or semitrailer purchased or acquired thereafter, <br />within thirty (30) days of the date of purchase or acquisition of same, there shall be added <br />to such license fee a penalty often (10) percent of the amount of the license fee or ten <br />dollars ($10.00), whichever is greater, to be assessed and paid along with the license fee <br />as part thereof No penalty shall exceed the amount of the unpaid license fee, shall accrue <br />at a rate of ten (10) percent per annum on the first day following the due date and each <br />month thereafter until paid in fulL <br /> <br />2. That this ordinance shall be deemed to have taken effect on January I, <br /> <br />2006. <br /> <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held <br />on April 25, 2006. <br /> <br />Teste: <br /> <br />City Clerk <br />