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AN ORDINANCE ADDING A NEW SECTION TO THE LICENSE TAX ORDINANCE FOR THE YEAR 1937, DESIGNATED AND ENTITLED "30 (1) BROKERS IN OPTIONS OR FUTURES". BE IT ORDAINED by the Council of the City of Charlottesville that a new section be added to the License Tax Ordinance for the year 1937, entitled "30 (1) Brokers in Options or Futures", which shall read as follows: 30 (1) BROKERS IN OPTIONS OR FUTURES. Any person, firm or corporation engaged in buying and selling, or who receives orders to buy or sell, cotton, grain, provisions, or other commodities, shall be deemed to be a broker dealing in options and futures. Every broker dealing in options or futures or in buying or selling options or futures shall pay the sum of $100.00 (One Hundred Dollars) for the privilege of transacting such business. This ordinance shall be in full force and effect from the date of its passage, and all ordinances, or parts of ordinances in conflict herewith are hereby repealed. Adopted by the Council May 17, 1937. Ayes: Mr. Gleason, Dr. Haden, Mr. Huff, and Mr. Twyman. Noes: None. Clerk Signature President Signature ANNUAL TAX LEVY IMPOSING TAXES ON PERSONS AND PROPERTY FOR THE PAYMENT OF INTEREST ON THE CITY DEBT, FOR CREATING A SINKING FUND THEREFOR, FOR THE SUPPORT OF THE CITY GOVERNMENT AND CITY SCHOOLS, AND FOR OTHER PURPOSES. BE IT ORDAINED by the Council of the City of Charlottesville that for the year beginning on the first day of January, 1937, and ending the thirty-first day of December, 1937, and each year thereafter while this ordinance is in force, the taxes on persons and property for local purposes shall be as follows: GENERAL LEVY: 1. Land, Lots and Buildings. On tracts of land and lots and improvements thereon, not exempt from taxation, there shall be a tax of $1.03 (one dollar and three cents) on every $100.00 assessed value thereof to pay the general operating expenses of the City government and to pay the interest and sinking fund on the City debt other than schools and there shall be levied an additional tax on every $100.00 assessed value of $0.21 (twenty- one cents) to pay the interest and sinking fund on school bonds and $0.76 (seventy- six cents) for the maintenance and operating of the City schools. 2. Tangible Personal Property. Upon all tangible personal property as defined by State Tax Law, not exempt from taxation, there shall be a tax of $1.03 (one dollar and three cents) on every $100.00 assessed value thereof to pay the general operating expenses of the City government and to pay the interest and sinking fund on the City debt other than schools, and there shall be levied an additional tax on every $100.00 assessed value thereof of $0.21 (twenty-one cents) to pay the interest and sinking fund on the school bonds and $0.76 (seventy-six cents) for the maintenance and opera- ting of the City schools. 3. Other Property. Upon any tangible personal property not included in the foregoing, which is not exempt from local taxation, the tax shall be $1.03 (one dollar and three cents) on every $100.00 assessed value thereof to pay the general operating expenses of the City government and to pay the interest and sinking fund on the City Debt other than schools, and there shall be levied an additional tax on every $100.00 assessed value thereof of $0.21 (twenty-one cents) to pay the interest and sinking fund on the school bonds and $0.76 (seventy-six cents) for the maintenance and operating of the City schools. All ordinance or parts of ordinances in conflict herewith are hereby repealed. Adopted by the Council June 7, 1937. Ayes: Mr. Gleason, Mr. Huff, & Mr. Jessup. Noes: None. Clerk Signature President Signature