(A) The tax authorized to be levied under § 35.030 of this chapter shall be levied at the time this subchapter shall take effect and shall apply to all persons, firms, associations or corporations engaged in the business of furnishing power, light, heat, electricity, water, natural and liquefied petroleum gas in the city.
(B) It shall not apply to any person, firm, association or corporation operating under a valid franchise from the city and the exception shall be so stated in the valid franchise.
(2002 Code, § 35.31) (Ord. 251, passed 11-2-1987)