Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-04-28
An Ordinance

PAYMENT OF INTEREST ON THE
CITY DEBT. AND TO MEET TIE
GENERAL APPROPRIATIONS FOR
THE YEAR BEGINNING JULY 1sT.
1900
She l Be i ordained by the Common and
ness in the said City or Norfolk. for
%hi tb license is required by the laws
OF said city, without first having applied
for and obtained such license. under PEN
than one hundred dollars; and that for
EMS year beginning d on the first st day ,E. OF
sster ~ 1902 and f iand eaen ye in there
sons, incomes and other property shall
B. Upon ali lands. wharves and lots and
personal property OF every description,
Except such real and personal property
State. of Virginia. or any ordinance of
eea sSfeRt the bends Se6 issued by
opo hundred dollars of assessed value
thereof for the purpose of laying new
Il SF fSF rs TsD9eng thoSs s, aready
Fourth Wards of the city. the amount
30 derived to be expended for either pur-
pose as the Councils may direct; five
sed value thereof which shall be put
aside as fund for the building of new
Rnblic schools on Boush, Charlotte and
Eenchurch streets, said funds to be used
Tor retiring or. creatire q sinking fund
for. retiring said bonds. and ono dollar
S of the eR avs SCs one handT red
general purposes. as stated in tho ordi-
nance CONCERNING appropriations. The
located in Brambeton Ward, 20 OF PriE IN az
!antic City Ward. but the tax on prop
cry both real and personal, in Atlantic
City Ward. shall be one dollar and TWEEN
" cents on the one hundred dollars of
the assessed value thereof and the tax
on property both real and personal, in
sixty cents on the hundred dollars of the
assessed value thereof. except that tho
sre Of Sro in said wards
as are exempted in the other wards OF
the said CITY,
g. On the salary or income received by
any persons during the year ending jan
uory 81. one dollar and seventy cents
nopn each ono hundred dollars value
provided that the salary of a minister
OF tho GOSPEL shall be exempt from taxa
uon. and provided further. that no in
come shall BIO hereby. taxed which may
pc derived from any business. calling or
profession. or subject to taxation other
wise. taxed in this ordinance. except as
hereinafter provided: provided. also, that
the tax on salary and incomes of per-
cons residing In Atlantic City Ward shall
Brambleton Ward one dollar and sixty
cents on the one hundred dollars of the
assessed value thereof.
capital OF any bank or banking assoca-
ton organized under the authority of
located in the city of Norfolk. but the
stockholders in such banks or banking
associations shall be assessed and taxed
stock therein at the same rate that Is
assessed and taxed by this ordinance
pr tho city where is located tho bank or
banking association of the stockholders
SO assessed and taxed.
Each bank or banking association
aforesaid, as soon after this ordinance
takes effect as possible and hereafter on
the first day OF February OF each year,
Bioner OF the Revenue of this City. n re-
port In which shall be given the names
OF the stockholders. the number OF shares
owned or held or controlled by each, the
market value of said stock. and the
stockholders residence, 1t shall be the
duty of the said Commissioner of Rcve-
que as soon after this ordinance takes
efrect as possible and on after the
nfter to assess each stakeholder upon
tho shares of the stock estimated at the
market value on the first day OF Feb
quarry, 1900 and on tho said first day of
February In each year hereafter u tax
at the Same ratio per $4,000 OF tho said
market value thereof ms Is imposed by
In the hands of individuals residing In
tho ward of this city where Is located
tho bank or banking association OF the
stockholders so assessed, and II shall
further BIO the duty of the Commissioners
of the Revenue to make out three ASSESS
ment lists and give one to such bank or
banking association. one to the Collector
OF City Taxes and Levies and retain one.
Tho assessment list delivered to said
bank or banking association shall be no.
tice to the bank or banking association
Of the tax assessed AGAINST Its stock
loyal effect and force of 4 summons upon
suggestion formally issued and regularly
served. The tax assessed upon each
stakeholder IN said bank or banking assoc
stock standing In his name and upon the
dividends due and to become due thereon.
no matter in whose possession found, and
have priority over any and all liens by
deed of trust. MORTGAGE, bill OF sale or
other assignment made by the owner or
holder, and take priority over all liens
by execution. garnshment or attachment
process sued out b. creditors Of the
stakeholder. The bank or banking ASSOC
citation shall hold tho dividend or other
fund which belongs to the stakeholder
hnd in its custody at the time the assess
ment list is received. or that shall there
after come under its control. for the use
payment of tho tax assessed and when
thus applied shall be acquitted and dis
holders for tho money thus disbursed:
provided, that inter making the report
to the Commissioner of Revenue any
bank or banking association. on or before
tho first day of June in each year, which
shall so elect, may pay the taxes assessed
against the Stockholders to the Collec-
said bank or banking association fall to
elect and pay to the said Collector OF
City Taxes and Levics. the tax assessed
against its stockholders on or before the
first day of June In each year. then IT.
ehall be the duty, OF said Collector of
&y