Any public utility company doing business within the corporate limits of the City shall pay to the City a business license tax, unless it is already paying a franchise tax to the City under a franchise granted such company by the City. Such tax shall be equal to 2% of gross receipts derived solely from services rendered within the City. As it concerns all telephone companies, the license tax shall be equal to 2% of their gross receipts derived solely from providing local telephone service and directory advertising charges within the City.
(Prior Code, § 9-3-2)