Upon every person, corporation or association engaging in or continuing within this City the business of collecting income for the use of real or personal property, or of any interest therein, whether by lease, conveyance or otherwise, and whether the return is in the form of rentals, royalties, fees, interest or otherwise, upon all such property situated within this City, the tax imposed by this article shall be equal to one percent (1%) of the gross income of any such activity.
(Ord. 77-30. Passed 12-19-77.)