Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-04-26
An Ordinance

PAYMENT OF INTEREST ON THE
CITY DEBT. AND TO MEET THE
GENERAL. APPROPRIATIONS FOR
THE YEAR BEGINNING JULY 1sT.
1900.
sJ 1 Be It ordained by the Common and
mat NO person shall engage In any bust
ness In the said City of Norfolk. for
which q license is required by the laws
Of the Commonwealth. or the ordinances
or said city, without first having applied
for and obtained such license. under pen
atty of not less than twenty nor more
than one hundred dollars: and that for
the year beginning on the first day Of
after, the taxes on lands and lots, per-
sons incomes and other property shall
be as follows:
2. Upon ali lands. wharvcs and lots and
other improvements thereon and upon ali
personal property of every description.
as Is s8epd from sasaion pbbS S thy
State of Virginia. or any ordinance OF
sc a az NsSfeR the i've bends ends issued el By
one hundred dollars of assessed value
thereof for the purpose of laying new
tie f T ysp3s eeGSnd thG Tr area ANDY
Fourth Wards of the city. the amount
pose as the Councils may direct: five
cents on every hundred dollars of asses
seq Valuo thereof, which shall he put
aside as fund for the building of new
public schools on Boush, Charlotte and
fenchurch streets. said funds to be used
for retiring said bonds. and one dollar
a and sixty cents on every one hundred
GoalaIS Oh INC assessed value thereof for
stIperal purposes as stated in the ordi-
nance concerning appropriations Tho
Said tax, N.70. shall not apply to property
lantic City Ward but the tax on prom
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 valuo thereof, except that the
san same classes OF property in said wards
the said city
any persons during the year ending jan
nary 3D. one dollar and seventy cents
uopn each one hundred dollars value
thereof In excess of six hundred dollars,
provided that the salary of II minister
OF tho Gospcl shail be exempt from taxa
ion, and provided further. that no in
como shall he hereby taxed which may
BIZ derived from any business. calling or
profession or subject TO taxation other
hereinafter provided: provided, also, that
tne tax on salary and incomes of per-
sons residing in Atlantic City Ward shall
pc one dollar and twenty cents or In
Brnmbicton Ward one dollar. and sixty
cents on tho one hundred dollars of the
assessed value thereof.
4. No tax sholl bo assessed upon the
capital of any bank or banking associa-
ton orEanzcd under the authority of
this state or of the United Suites and
located in the City Of Norfolk, but the
stockholders in such banks or banking
associations shall be assessed and taxed
on tho market value of their shares OF
stock therein at tho same rate that is
upon othei. moneyod cs s'i, o'H In tHe
hands OF individuals residing in the ward
of the city where is located the bank or
Danking association of the stockholders
SO assessed and taxed.
Zach bank or banking, association
aforesaid, ms soon after this ordinance
takes effect as possible ana hereafter on
the first day of February of each year.
s SHALL make ar up and return to the Commits
port I'm which shall be given the names
OF the stockholders. the number OF shares
market value OF said stock. and the
Stockholders residence. 1t shall be tho
nue as soon after this ordinance takes
effect as possible and on or after the
first day of February in each year here
after to assess each stakeholder upon
the shares of the stock estimated at the
market value on the first day of Feb
ruary, 1900 and on the said first day of
February In each year hereafter u tax
at the same rate per $4,000 Of the said
market value thereof as is imposed by
this ordinance on other moneycd capital
In tho hands OF individuals residing in
the ward of this city where is located
tnc Dank or banking association or the
stockholders so assessed. and 1t shall
further nc tho duty of the Commissioner
of the Revenue to make out three assess
ment lists and give one to such bank
banking association. one to the Collector
of City Taxes and Lcvies and retain one.
The 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
holders and each of them and have the
legal effect and force OF n summons upon
suggestion formally issued and regularly
served The tax assessed upon each
stocholder in said bank or banking assoc
citation shall be the first lien upon the
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
other assignment made by the owner
by execution. garnishment or attachment
process sued out by creditors of the
stakeholder. Tho bank or banking $3.50
citation shall hold the dividend or other
and In its custody at the time the assess
ment list Is received. or that shall there
after come under dts control. for the usa
OF the city. and apply the same to the
payment of the tax assessed, and when
thus applied shall be acquitted and dis
charged from all liability to the stock
holders for the money thus disbursed;
to tho Commissioner OF Revenue any
bank or banking association. on or before
tho first day of June in each year which
shau so elect may pay the taxes assessed
against the stockholders to the Collec-
tor Of City Taxes and Leves. But should
said bank or banking association fail to
elect and pay to the said Collector OF
against Its stockholders on or before the
first day of June in each year. then il
9hall be the duty, Of said Collector OF
City Taxes and LevieS to collect said