Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-04-29
An Ordinance
"a TAXES ON PROPERTY,

IMPOSING TAXES ON PROPERTY,
PERSONS AND LICENSES FOR THE
PAYMENT OF INTEREST ON THE
CITY DEBT. AND TO MEET THE
GENERAL. APPROPRIATIONS FOR
y THE YEAR BEGINNING JULY 1sT.
1909.
BE & ordained by the Common and
Seioet Councils OF tho city OF Norfolk.
ness in the said city OF Norfolk, for which
license is required by the laws of the
city, without first having applied or and and
obtatned such license. under penalty of
not less than twenty nor more than one
beginning on the first day of February,
iSO. and for each year thereafter. the
AK on lands and lots persons, incomes
Upon all lands. wharfes and lots and
other improvements thereon and upon all
personal property OF every description. eX-
exempted from taxation by the State OF
Virginia, or any ordinance of the city,
and except the bonds issued by the city OF
Norfolk, fve cents on every one hundred
d,eflarS Of assessed valuethereof for
the purpose of laying new sidewalks or
4
First. Second, Third and Fourth Wards
OF the city the amount SO desired to be
expended for either purpose rs the Coun-
ellis may direct; five cents on every hun
dred dollars of assessed value tho! ecf.
which shall be put aside as fund for
the rebuilding OF new public schools on
BouSh, Charlotte and Fenchurch streets
said funds to be used for retiring or Gre
ating sinking fund for retiring SAID
bonds. and one dollar and sixty cents on
every one hundred dollars of the assessed
value thereof for general purposes, as
stated In the ordinance concerning appro-
pTiations. The said tax, sl7o shall not
apply TO property located In Brunblcton
Ward. or in Atlantic City Ward, but the
tax on property, both real and personal,
and twenty 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 the assessed value thereof ex-
sept mat the same classes of property in
by the city as are exempted in the other
wards OF the said city.
.. On the salary or income received by
any persons during the year ending jan
uary II, ono dollar and seventy cents
upon each one hundred dollars value
thereof in excess of six hundred dollars.
provided that the salary of q minister of
the Gospel shall be exempt from taxation,
and provided further, that no income
rived rom any business, calling or pro
fess1Qn,- or subject to taxation otherwise
taxed in this ordinance except as here
matter provided; provided. also. that the
tax on salary and incomes of persons re-
aiding in Atlantic City Ward shall be one
dollar and twenty cents or in Bramble-
ton Ward one dollar and sixty cents on
the one hundred dollars of the assessed
value thereof.
4. No tax shall be assessed upon the
capital OF any bank or banking associa-
ton organized under the authority of this
state or of the United States and located
In the chy Of Norfolk. but the stockhold-
hD 1lyc mr. n nls iDr ,faat
shall be assessed and taxed on the market
value of their shares of stock therein at
the same rate that is assessed and taxed
by this ordinance upon other moneyed
capital in the hands of individuals resid-
Ing in the ward of the city where is To-
Gated the banks or banking association of
the stockholders so assessed and taxed
Eath bank or banking association q fore
said as soon after this ordinance takes
first day of February of each year, shall
make UP and return to the Commissioner
OF the Revenue OF the city, report in
which shall be given the names of the
tho 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 the Revenue as
soon. after this ordinance takes effect as
possible and on or after the first day of
February In each year hereafter TO assess
eatGl Stockhoide upon the shares of the
stock estimated ut the market value on
The first day of February. 1900. and on
the said first day of February in each
year hereafter tax at the same rate per
$4,000 of the said market value thereof
moEeyed capital in the hands of individ-
rass resldin:, in the ward of this city
where is located the bank or banking as
ISOLATION of the stockholders so assessed
ard 1t shall further be the duty of the
Comm sSionCr of the Revenue to make out
such bank or banking association. one to
each bank or banking association, one to
the Collector of City Taxes and Levies
ard retain one.
The assessment list delivered to said
bark or banking association shall be no.
t.ce to the bank CIR banking association of
the tax assessed against it's stockholders
ard each of them, and have the legal eff
feet and force of q summons upon sugges-
tion formally issued and regularly served
The tax assessed upon each stakeholder in
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, mort
gage, bill of sale or other assignment
made by the owner or holder, and take
priority over oil liens by execution gar
nishment or attachment process sued out
by creditors of the stakeholder. The bank
or banking association shall hold the div
idend or other fund which belongs to Tho
stakeholder and in It's custody at the time
tho assessment list is received or that
snail thereafter come under its control,
Same to the. payment of the tax assessed
and when thus, applied shall be acquitted
and dfscharged from all liability to the
bursed; provided. that after making the
report to the Commissioners Of Revenue
any bank or banking association. on or
before the first day of June I'm each wear
which shall so elect. may pay the taxns
assessed against the stockholders to the
Collector OF City Taxes and Levies.
association fail to elect and nn1
to the said Collector of City Taxes ard
Ievie.s. the tax assessed against its stock
holders before a
in each year, then 1t shall be the duty
of said Collector of City Taxes and I,er,ins