§ 150-1102. Maximum tax.

The maximum license tax on such businesses, payable to the city by any company, society, association, corporation, firm or individual shall not exceed $9,000.00. Provided that plateglass and steam boiler inspection companies, societies, associations, corporations, firms or individuals, shall pay only one-third of the rates provided in this section; provided, further, that the amount of license fee payable to the city as fixed in subsections 150-1101(1) and (2), shall be one-third of the amount so fixed if the payer shall file a sworn statement with the annual report required by this article, showing that at least one-sixth of the total admitted assets of the payer is invested and maintained either in bonds of this state, or in bonds of municipal, school, road or levee district, or other political subdivisions of this state, or in mortgages on property located in this state, or in policy loans, or other loans to residents of this state, or to corporations organized under the laws of this state, and domiciled in this state, or in stock of homesteads, building or loan association organized and operating under the laws of this state, to the extent such stock is guaranteed or insured by the Federal Deposit Insurance Corporation or other federal or state agency.

(Code 1956, § 70-22)