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• (d) Such taxes are levied to pay the general operating expenses <br />of the City and to pay the interest and retirement on the City <br />debt. <br />§4. Machinery and Tools <br />On machinery and tools used in a manufacturing or mining business <br />the tax shall be $4.39 on every $100 assessed value thereof, to <br />pay the general operating expenses of the City and to pay the <br />interest and retirement on the City debt. <br />BE IT FURTHER ORDAINED that the ordinance imposing the tax levy adopted <br />April 15, 1977 be and the same is hereby repealed. <br />ri <br />U <br />Copy Teste: <br />• <br />Adopted by the Council <br />April 13, 1973 <br />