An ad valorem tax in an amount established by City Council by ordinance is hereby levied on each one hundred dollars ($100) of the fair cash value of all such shares of stock in all state and national banks located in the city.
(Ord. passed 8-5-85; Am. Ord. passed 10-23-92; Am. Ord. 93-10, passed 10-18-93; Am. Ord. 94-13, passed 11-21-94; Am. Ord. 95-1, passed 1-16-95; Am. Ord. 95-11, passed 9-18-95; Am. Ord. 96-10, passed 8-19-96)