In addition to the tax on property and polls, as otherwise provided for, and under the power and authority conferred in the laws of the state, there shall be levied and collected annually or oftener, where provided for, a privilege tax license on trades, professions, business operations, exhibitions, circuses and all subjects authorized to be licensed, as set out in the following sections and schedule. All licenses shall be a personal privilege and shall not be transferable. Nothing herein contained shall be construed to prevent the Board of Aldermen from imposing from time to time, as it sees fit, the license taxes as are not specifically herein defined, from increasing or decreasing the amount of any special license tax or from prohibiting or regulating the business or acts licensed, and all licenses are granted subject to the provisions of existing ordinances for those hereafter enacted.
(Prior Code, Ch. H, Art. I, § 2)