32 Cap. 17. III EDWARD VII. 1903.

than ﬁfteen years, and that no proprietor or proprietors of any new industry shall be exempted from taxation for a longer period than ﬁve years from the date of commencement.

D 84. It shall be lawful for the City Council to

iscount on

Assessments allow such rate of discount as may be considered expedient, not exceeding two and a- half per cent on all assessments on real estate, personal property, 01 income, paid within such time after the completion of the assessment in each year, as the said Council shall ﬁx and determine.

COLLECTION OF TAXES.

_ . 85. Upon the receipt from said Assessors of Eggs‘y‘ﬂw said Assessment Book the said City‘ Council shall °f assessment annually specify the rate of Assessment severally to

be levied upon real estate and upon income and person- al property, or upon either or both income and personal property as the City Council shall determine to tax

in that year.

86. No By-law or By-laws specifying such rate gaggpggsgﬁs; of assessment shall be passed except at a regular page-19mm meeting of the Council or an adjournment thereof, or

at a meeting specially called for that purpose or at its adjournment, nor unless three fourths of the Whole, number of City Councillors shall be present and a majority of those present vote in favor of such by-

law or by-laws.

87. After the City Council have speciﬁed the

81‘;ng of City rate of assessment severally to be levied as aforesaid, the City Clerk shall copy from such Assessment Book

the names of all persons, partnerships, Corporations

or Joint Stock companies rated, with the ward and

block in which they reside, and after computing the

amount payable by each respectively according to the

valuations returned by such assessors and the rate