(A) Every person engaging in the business of loaning money, either for himself or for any other person, upon personal security, evidences of debt, assignments of salary, salary warranties, salary demands, automobiles, or any other personal property, or purchasing for himself or any other person automobile contracts, commercial papers, evidences of debt, assignments of salary, salary warranties, salary demands, time checks, or other evidences of salary due, or to become due, shall pay a license tax as follows:
(1) Those persons licensed or required to be licensed by the state under the provisions of
either or both of those certain acts known as the State Small Loan Act or the Personal Property Brokers' Act shall pay a license tax of $200 per year.
(2) All other persons making personal loans or purchasing commercial papers shall pay a license tax of $40 per year.
(B) Nothing in this section shall be deemed to apply to any person making real estate loans or to other persons exempt from the payment of a municipal license tax under state or federal laws.
('61 Code, § 6-1.48) (Ord. 228 N.S., passed - - ; Am. Ord. 709 C.S., passed 9-15-99)