Any public utility regulated by the Public Utilities Commission of the state operating in the city under a franchise granted by the city by ordinance and paying to the city a percentage of its gross receipts from the use of the franchise shall be subject to the provisions of this subchapter only to the extent that it engages in retail merchandising within the city not covered by franchise.
('64 Code, § 13-21) (Ord. 61, passed - - ; Ord. 397, passed 3-22-71)