Every domestic and foreign corporation whose principal place of business or chief works are located in this city shall pay an annual city license tax of $25, or other amount deemed appropriate by the Municipal Court; provided, that any such domestic corporation, the authorized capital stock of which does not exceed $5,000, shall pay an annual city license tax of $20, or other amounts deemed appropriate by the Municipal Court; but this section shall not be construed as imposing a tax on corporations chartered strictly for educational, literary, agricultural, religious, cemetery, or charitable purposes, or upon charters incorporating Masonic Lodges, Odd Fellows Lodges, or other charitable or beneficiary societies.
(Prior Code, § 14-20)