Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-04-25
An Ordinance

TcHoONS AND LICENSES FOR THE
PAYMENT OF INTEREST ON THE
CITY DEBT. AND TO MEET THE
GENERAL APPROPRIATIONS FOR
THE YEAR BEGINNING JULY 1sT.
1900.
=; Bo It ordained by the Common and
select Councils of the City of Norfolk
1 ness in the said city Of Norfolk. for
Of said city. Without arst having applied
Tor and obtained such license, under pen
atty of not less than twenty nor moro
than one hundred doiiars: and that for
F S9S year beginning sSd t on the first day of
AFTER the taxes on lands and lots, per
sons. incomes and other property shall
2. Upon ali lands. wharves and lots and
other improvements thereon and upon all
personal property of every description,
as Is eSeptea from tasation pbbS Sp tSs
State. Of Virginia, or any ordinance of
s Sly e 81 N sSseRs the i've bends SeS issued s BY
one hundred dollars of assessed value
thereof for the purpose of laying new
aa II the ' R sspa seeo th9 T Srea aaS
Fourth Words of the city. the amount
pose as tho Councils may direct: five
cents on every hundred dollars of asses
SEQ SEQ value thereof. which shall be put
public schools on Boush, Charlotte and
Fenchurch streets. said funds to be used
Tor Tor re retiring or creating a sinking fund
Lor retiring said bonds. and ono dollar
dollars OF the assessed value thereof for
general purposes. as stated in the ordi-
nance CONCERNING appropriations. The
said tax, s17O. shall not apply to property
located in Brambleton Ward. or in At
erty, both real and personal, in Atlantic
City ward, shall be one dollar and TWEEN
~ cents on the one hundred dollars of
on property. both real and personal, in
Bsrambleton Ward shall be one dollar and
sixty cents on the hundred dollars Of the
assessed value thereof. except that the
same classes OF property in said wards
are exempted from taxation by the city
the said CITY,
3. On the salary or income received by
any persons during the year ending jan
uary IL, one dollar and seventy cents
uopn each one hundred dollars value
thereof in excess of six hundred dollars
the sh aH 5 bee exsm of From taSe
tlon, and provided further. that no in
come shall be hereby, taxed which may
PROFESSION, or subject to taxation other
wise, taxed In this ordinance. except us
the tax on salary and incomes of per-
sons residing in Atlantic City Ward shall
Be De one dollar and twenty. cents or in
cents on the one hundred dollars of the
assessed value thereof.
rnpital Of any bank OF Banking uP assoe she
tion organized under the authority of
this State or Of the United States and
stockholders in such banks or banking
associations shall DO assessed and taxed
on oI.d the ., market value OF their shares OF
stock therein ut the same rate that is
asHsa S c sh'a ora Ill 9Ss
of the city where is located the bank or
banking association OF the stockholders
SO assessed and taxed.
aforesaid. as soon after this ordinance
takes effect as possible and hereafter on
shall mako. up and return to the Commits.
sioner of the Revenue of this City. a 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
duty of the said Commissioner of Reve-
nuc as soon after this ordinance takes
effect as possible and on or after the
after, to assess each 'stoekhoider 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 a tax
at the same rate per $4,000 of the said
market value thereof as is imposed by
in the hands of individuals residing in
the ward of this city where is located
stockholders SO assessed. and 1t 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 be no
tice to the bank or banking association
sSf,th1e tag tax i assessed against Its stock
legal effect and force OF a summons upon
suggestion formally issued and regularly
stocholder in said bank or banking nsso-
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
deedpof trust, MORTGAGE. bill of sale or
holder and take priority over all liens
by execution. punishment or attachment
sIed out by creditors of the
citation shall hold the dividend or other
fund which belongs to the stakeholder
and In its custody at the time the assess
ment list Is received or that shall there
after come under its control, for tho use
Of the city; and apply the same to the
thus applied shall be acquitted and dis
charged from. all liability. to the stocle-
holders for the money thus
to the Commissioner of Revenue any
bank or banking associa ton. on or before
the first day of June in each year, which
shall so elect may pay the taxes assessed
against the stockholders to tho Collec-
tor of City Taxes and Levies. But should
said bank or banking association fail to
elect and pay to the said Collector Of
City Taxes and Ievies the tax assessed
first day of June in each year. then it
shall be the duty of said Collector Of
City Taxes and IevieS to collect said
taxes therein assessed. and to this end
levy unon tho stock of the taXpnYcr or