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CLER ADOPTED BY THE COUNCIL JUNE 15, 1970 AYES: MR. DAVIS, MR. RINEHART, MR. VAN YAHRES, MR. VOGT AND MR. WRIGHT. NOES: NON PRESIDENT AN ORDINANCE AMENDING AND REENACTING CHAPTER 16A OF THE CODE OF THE CITY OF CHARLOTTESVILLE, 1965, BY THE ADDITION THERETO OF A NEW SECTION RELATED TO BOOK PUBLISHERS AND BOOK BINDERS. BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE THAT CHAPTER 16A OF THE CODE OF THE CITY OF CHARLOTTESVILLE, 1965, BE AMENDED AND REENACTED BY THE ADDITION THERETO OF A NEW SECTION WHICH SHALL READ AS FOLLOWS: SECTION 16A-34.1. BOOK PUBLISHERS; BOOK BINDERS. ON EVERY PERSON ENGAGED IN THE BUSINESS OF OPERATING THE BUSINESS OF A BOOK PUBLISHER, A BOOK BINDER, OR SOME SIMILAR AND RELATED BUSINESS, THE TAX SHALL BE ONE HUNDRED DOLLARS AND, IN ADDITION THERETO, WHERE THE GROSS RECEIPTS EXCEED FIFTY THOUSAND DOLLARS THE TAX SHALL BE SIXTEEN CENTS FOR • EACH ONE HUNDRED DOLLARS OF GROSS RECEIPTS IN EXCESS OF FIFTY THOUSAND DOLLARS BUT NOT IN EXCESS OF ONE HUNDRED THOUSAND DOLLARS, AND FIVE CENTS FOR EACH ONE HUNDRED DOLLARS OF GROSS RECEIPTS IN EXCESS OF ONE HUNDRED THOUSAND DOLLARS. THIS ORDINANCE SHALL BECOME EFFECTIVE ON NOVEMBER 1, 1970. PAYMENT FOR THE LICENSE TAX YEAR WHICH BEGAN MAY 1, 1970, MAY BE PRORATED ACCORDINGLY AT FIFTY PERCENT (50%). IN SUBSEQUENT YEARS, PAYMENT SHALL NOT BE PRORATED UNLESS THE SAME IS ALSO ALLOWED UNDER OTHER SECTIONS OF THE LICENSE TAX ORDINANCE. IF A PERSON OR FIRM HAS ALREADY OBTAINED A CITY LICENSE FOR THE YEAR BEGINNING MAY 11 1970, FOR THE BUSINESS TAXED HEREIN, ANOTHER LICENSE WILL NOT BE REQUIRED UNTIL MAY 1, 1971. CLERK ADOPTED BY THE COUNCIL JULY 6 , 1970 A -ES: MR. I AVIS, MR. RIMEHART, BAR. VAN YAHRES, MR. VOGT AND MR. WRIGHT. NOES: N "E. L PR ES I d ENT AN ORDINANCE AMENDING AND REENACTING SECTION 16A-39 OF THE CODE OF THE CITY OF CHARLOTTESVILLE, 1965, RELATED TO BROKERS IN STOCKS, BONDS, BILLS AND OPTIONS OR FUTURES AND MANAGED FUNDS. BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE THAT SECTION 16A-39 OF THE CODE OF THE CITY OF CHARLOTTESVILLE, 1965, BE AMENDED AND REENACTED TO READ AS FOLLOWS: SECTION 16A-39. BROKERS IN STOCKS, BONDS, BILLS AND OPTIONS OR FUTURES EVERY PERSON, FIRM OR CORPORATION CONDUCTING THE BUSINESS OF STOCK, BOND, NOTE OR BILL BROKER OR ENGAGED IN THE BUSINESS OF RECEIVING ORDERS TO BUY OR SELL SHARES OF MANAGED FUNDS, INVESTMENT SECURITIES, COTTON, GRAIN PROVISIONS OR OTHER COMMODITIES SHALL BE DEEMED TO BE A BROKER COVERED BY THIS SECTION AND SHALL PAY A LICENSE TAX OF TWENTY-FIVE DOLLARS AND IF THE GROSS AMOUNT OF GROSS FEES AND COMMISSIONS EXCEEDS TWO THOUSAND DOLLARS THE TAX SHALL BE FIFTY CENTS ON EACH ONE HUNDRED DOLLARS IN ADDITION THERETO. THIS ORDINANCE SHALL BECOME EFFECTIVE ON NOVEMBER 1, 1970. PAYMENT FOR THE LICENSE TAX YEAR WHICH BEGAN MAY 1, 1970, MAY BE PRORATED ACCORDINGLY AT FIFTY PERCENT (50%). IN SUBSEQUENT YEARS, PAYMENT SHALL NOT BE PRORATED UNLESS THE SAME IS ALSO ALLOWED UNDER OTHER SECTIONS OF THE LICENSE TAX ORDINANCE. IF A PERSON OR FIRM HAS ALREADY OBTAINED A CITY LICENSE FOR THE YEAR BEGINNING MAY 11 1970, FOR THE BUSINESS TAXED HEREIN, ANOTHER LICENSE WILL NOT BE REQUIRED UNTIL MAY 11 1971.