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AS AMENDED AND CARRIED OVER S, TO 2ND READING ON 4/10/78 i • AN ORDINANCE TO ESTABLISH THE ANNUAL TAX LEVY ON VARIOUS CLASSES OF PROPERTY FOR THE PAYMENT OF INTEREST AND RETIREMENT OF THE CITY DEBT, FOR THE SUPPORT OF THE CITY GOVERNMENT AND CITY SCHOOLS, AND FOR OTHER PUBLIC PURPOSES. BE IT ORDAINED by the Council of the City of Charlottesville that for the year beginning on the first day of January, 1978 and ending the thirty- first day of December, 1978, and each year thereafter which this ordinance is in force, the taxes on property in the City of Charlottesville shall be as follows: §1. Real Property and Mobile Homes On tracts of land, lots or improvements thereon and on mobile homes the tax shall be $1.31 on every $100 of the assessed value thereof, to pay the general operating expenses of the City and to pay the interest and retirement on the City debt. §2. Personal Property On all livestock, automobiles, trailers, boats under five tons • burden, boat trailers, tractors and other motor vehicles; and on all tangible personal property used or held in connection with any mining, manufacturing or other business, trade, occupation or profession, including furnishings, furniture and appliances in rental units, the tax shall be $4.39 on every $100 of the assessed value thereof, to pay the general operat- ing expenses of the City and to pay the interest and retirement on the City debt. §3. Public Service Corporation Property (a) On that portion of the real estate and tangible personal property of public service corporations which has been equalized as provided in §58-512.1 of the Code of Virginia, as amended, the tax shall be $1.31 on every $100 of the assessed value thereof determined by the State Corporation Commission. (b) On that portion of the real estate and tangible personal property of public service corporations which has not been equalized as provided in §58-512.1 of the Code of Virginia, as amended, the tax shall be $4.39 on every $100 of the assessed value thereof determined by the State Corporation Commission. • (c) The foregoing subsections to the contrary notwithstanding, on automobiles and trucks belonging to such public service corporations the tax shall be $4.39 on every $100 of assessed value thereof.