(a) Definitions.
(1) For the purpose of this section, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
MONEY. Includes gold and silver coin, United States treasury notes and other forms of currency in common use.
NOTES AND OTHER EVIDENCES OF DEBT. Certificates evidencing shares of stock otherwise taxable to the owner or holder, notes, bonds, debentures, claims secured by deed, liquidated claims and demands for money, accounts receivable and all written instruments, contracts or other writings evidencing, calling for, fixing or showing a fixed obligation, determined or determinable, at present or in the future, in favor of the holder thereof.
(2) Provided, that nothing contained in this section shall mean or include oil or gas leases or any interests created thereby or arising therefrom, or shall mean or include any royalty interests in oil or gas.
(b) Exemption from intangibles tax. It is hereby elected that no tax shall be levied for the benefit of the city upon money, notes and other evidences of debt, having a tax situs within the city.
(Ord. 531, passed 5-5-1980)