The provisions of this article shall not apply to:
(a) Insurance companies which pay the State of West Virginia a tax upon premiums, provided, however, that said exemption shall not extend to that part of the gross income of insurance companies which is received for the use of real property, other than property in which such income be in the form of rent or royalties;
(b) Nonprofit cemetery companies organized and operated for the exclusive benefit of their members;
(c) Fraternal societies, organizations and associations organized and operated for the exclusive benefit of their members and not for profit;
(d) Corporations, associations and organizations organized and operated exclusively for religious or charitable purposes;
(e) Production credit association, organized under the provisions of the Federal “Farm Credit Act of 1933". Provided, however, that the exemptions of this section shall not apply to corporation or co-operative associations organized under the provisions of Article 4, Chapter 19, of the Code of West Virginia, 1931, as amended.
(Ord. 73-1. Passed 1-12-73.)