Section 2
SEC. 2. Section fifty-three of the same Act is amended to read as follows: "SEC. 53. Powers and duties of the City Assessor.— There shall be a city assessor who shall have charge of the department of assessment. The city assessor and his authorized deputies, who are empowered to administer any oath authorized to be administered in connection with the valuation of real estate for the assessment or collection of taxes, shall appraise and value all the real estate not expressly exempt, including machines, mechanical contrivances, instruments, tools, implements, appliances, apparatus, and paraphernalia used for industrial, agricultural, or manufacturing purposes subject to exemption for the first five years of their original purchase or acquisition. He shall prepare and file with the City Treasurer before April first of every year a list of the real estate so valued which is exempt from taxation and a separate list of the taxable real estate."