Procedure preliminary to imposing tax under section 104

A Council before imposing any of the taxes referred to in section 104 shall observe the following preliminary procedure: (a) it shall, by resolution at a special meeting, select for the purpose one or other of the taxes specified in that section and approve the bye-laws concerning the tax selected, and such bye-laws shall specify: (i) the class of persons or property or of both, which the Council proposes to make liable, and any exemptions which it proposes to make; (ii) the amount or rate at which the Council proposes to asses each such class; (iii) the mode of recovering the tax and the days or instalments on which it shall be payable; (iv) all other matters which the Government by rules made in this behalf may require to be specified therein; (b) when such a resolution is passed, the Council shall take further action to obtain the previous sanction of the Government to the bye-laws under section 307.