(a) "Person" includes individuals, partnerships, associations, and corporations.
(b) "Debt pooling company" means any person doing business as a budget counseling, debt management, prorating, or debt pooling services, or holding itself out, by words of similar import, as providing services to debtors in the management of their debts, and contracting with a debtor for a fee or other thing of value:
(1) To effect the adjustment, compromise, or discharge of any account, note, or other indebtedness of the debtor;
(2) To receive from the debtor and disburse to his creditors any money or other thing of value.
(Ord. 612. Passed 12-3-57.)