There is hereby levied upon real and personal property located within the corporate limits of the city, and all personal estate, except such tangible personal property as has an actual, bona fide situs without the corporate limits of the city, on the first day of January of each year, and all corporations having their offices or places of business in the city, on the date and all franchise of same, except those exempt from taxation by the Constitution or laws of the State of Kentucky, and also all franchises of corporations owned and exercised within the corporate limits of the city, that have their chief places of business outside of the city.
(Ord. 9-1979, passed 11-6-79)