ALBERT C. RITCHIE, GOVERNOR. 225

entirely unsuited for building purposes shall be held for pur-
poses of taxation to have no value.

SEC. 22. And be it enacted, That the fiscal year shall begin
on the first day of July of each year and shall be known by the
name of the calendar year in which it begins.

SEC. 23. And be it enacted, That as soon as may be after the
15th day of May following the passage of this Act and after the
15th day of May in the year that a reassessment may be deemed
desirable, the Council shall appoint two or more persons whose
duty it shall be to make a new assessment or revise the present
assessment of all real property within the corporate limits sub-
ject to taxation; such persons shall as soon thereafter as prac-
ticable report to the Council the result of their labors and the
Council shall thereupon publish such assessment by posting for
at least ten days in at least five conspicuous places in said town,
and by mailing a copy of the same to each owner of realty so
assessed at the last known address of such owner, or if the
address be unknown by posting on the premises assessed; such
notice shall also apprise those interested that all complaints and
appeals in regard thereto will be heard and determined by the
Council sitting in regular or special session at a place and time
therein specifically stated, which shall not be earlier than the
15th day of June nor within ten days of the posting or mailing
of such notices.

SEC. 24. And be it enacted, That after the determination of
such appeals by a decision, which shall be final, the Council shall
by ordinance on or before the 15th day of July in each year
adopt such assessment or modification thereof as the assessment
which shall apply until a new assessment or revision be made
under the provision of this Act, and shall by ordinances levy a
tax for the fiscal year, which tax shall become due immediately
upon the levy thereof.

SEC. 25. And be it enacted, That if the taxes of any prop-
erty owner shall not be paid by the first day of January there
shall be added a penalty of one per centum thereof, and a like
penalty of one per centum on the first day of each succeeding
month until such taxes and penalties are paid.

SEC. 26. And be it enacted, That on or before the third
Saturday in July of each year, but not before the 15th day of
July, the Treasurer shall, after giving notice in writing by mail
to the property owner at his or her last known address other
than North Beach, and notice for two successive weeks by post-
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