Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-04-27
An Ordinance


PAYMENT OF INTEREST ON THE
CITY DEBT. AND TO MEET THE
GENERAL APPROPRIATIONS FOR
THE YEAR BEGINNING JULY lsT,
1900
4 !; Be It ordained by the Common and
select Councils of the City of Norfolk
ness In the said City Of Norfolk. for
which a license is required by the laws
Of the Commonweaiths or the ., ordinances
for and obtained such license, under PEN
atty of not less than twenty nor more
the year beginning on the first day of
February, 1900, and for each year there
after, the taxes on lands and lots, per,
8. Upon ali lands. wharves and lots and
personal property of every description.
except such real end and personal property
State of Virginia. or any 1 ordinance ny of of
tie f e9a the So bends seSs sa By
ope hundred dollars of assessed value
thereof, for tho purpose of laying new
d Il o fff FIRE. ssD9sr eeDgnd thef s ares aS
DO derived to BIO expended for either pur-
pose pose as tho Councils may direct: five
coittS ou every nunQrcd dollars asses
sed Value thereof. which shall be put
aside as a fund for tho building OF new
2ublic schools on Boush. Charlotte and
Eenchurch streets, said funds to be used
Tor retiring or creating sinking fund
Tor retiring said bonds. and one dollar
dollars Of the as e SVe Saue ohs nandf re
general purposes. as stated In tho orii-
nance CONCERNING approximations The
located in Brambleton Ward, or in At
iantic city Ward, but the tax on prop
cry, both real and personal. in Atlantic
City Ward. shall be ono dollar and TWEEN
~ cents on the one hundred dollars of
the assessed value thereof. and the tax
on property. both real and personal. in
Brambleton Ward shall be one dollar and
sixty cents on the hundred dollars OF tho
assessed value thereof. except that tho
are exempted from taxation by the city
as are exempted In the other wards OF
the said city.
B. On the salary or income received by
any persons during the year ending Jan
uary 81. ono dollar and seventy cents
thcreof In excess of six hundred dollars,
provided that the salary of minister
Of tho Gospel shall be exempt from taxa
tion. and provided further. that no in-
come shall be hereby taxed which may
ne derived from any business. calling or
wise taxed I'm this ordinance. except as
hereinafter provided; provided, also. that
sons residing In Atlantic City Ward shall
be ono dollar and twenty cents or In
Brambleton Ward one dollar, and sixty
assessed value thereof.
A. Ne tax shall he assessed upon the
capital OF any bank or banking associa-
ton organized under tho authority OF
this State or of the United States and
located In tho City OF Norfolk, but the
associations shall he assessed and taxed
on the market value of their shares OF
ASSESSED and tnxed by same his rae 5h@t rs
upon other moneyed capital In the
hands OF individuals residing in tho ward
banking association OF the stockholders
30 assessed and taxed.
Each bank or banking. association
aforesaid, as soon after this ordinance
takes effect US possible and hereafter on
the first day of February OF each year,
Bioncr OF the Revenue of this City, a re-
port in which shall be given the names
market value of said stock. and the
stockholders residence 1t shall be the
duty of the said Commissioner OF Revc-
nue. as soon after this ordinance takes
effect as possible and on or after the
first day OF February in each year here
the shares of the stock estimated at the
market value on the first day of Feb
February In each year hereafter n tax
at the same rate per $4,000 of tho said
this ordinance on other moneyed capital
In the hands of individuals residing in
the ward of this city where is located
the bank or banking association of the
stockholders so assessed. and it shall
further be the duty of the Commissioner
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.
The assessment list delivered to said
bank or banking association shall he no
tice to the bank or banking association
Of tho tax assessed against its stock
holders and each of them and have the
legal effect and force of summons
suggestion formally issued and regularly
served. The tax assessed upon each
stakeholder 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 ana all liens by
deed of trust, mortgage. bill of sale or
hoider, and take priority over all liens
by execution, Garnishment or attachment
process, sued out by creditors of tho
stockholder: The bank or banking $3.50
citation shall hold the dividend or other
fund which belongs to the stockholder
and In its custody at the time the assess
after come under its control, FOR the use
OF tho city. and apply the same to the
payment of tho tax assessed and when
thus applied shall be acquitted md dis
holders for tho money thus dlsbursed;
provided. that after making the report
TO tho commissioner of Revenue any
bank or banking association on or before
the first day of juno in each year, which
shall SO elect, may pay the taxes assessed
against the Stockholders to the Collcc-
said bank or banking association fail to
elect and pay TO tho said Collector OF
City Taxes and I4evies, the tax assessed
against It's stockholders on or before the
first day of June In each year. then II
shall be the duty of said Collector az
City Taxes and Ievies to collect said