(a) Upon every person engaging or continuing within the City in the business of furnishing any real or tangible personal property which has a tax situs in the City, or any interest therein, for hire, loan, lease or otherwise, whether the return be in the form of rentals, royalties, fees or otherwise, the tax shall be one dollar ($1.00) per one hundred dollars ($100.00) of the gross income of any such activity.
(b) The term "tangible personal property" as used herein, shall not include money or public securities. (Ord. 4-17-12)