(a) The council or governing body of the city may annually assess and collect for and in behalf of the city a privilege or license tax from the operator of each and every common carrier, street railroad, waterworks, telephone and telegraph lines, or other quasi-public business which is operated or carried on in whole or in part in the territory exempt from city taxation so long as the same is exempt from city taxation under the provisions of this article on the following basis: The amount of such license tax shall be in proportion to the capital employed within the territory exempt from city taxation in such trade, business, or vocation and shall not exceed $2.00 per $1,000.00 where the capital employed does not exceed $100,000.00, and shall not exceed $1.00 per $1,000.00 on the excess of capital employed over $100,000.00 up to $200,000.00, and shall not exceed $.50 per $1,000.00 on the excess of capital employed over $200,000.00 up to $300,000.00, and shall not exceed $.25 per $1,000.00 on the excess of capital employed over $300,000.00.
(b) The rolling stock of a common carrier or street railroad is not to be considered or counted in arriving at the capital employed in such trade, business, or vocation.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 42 - Alteration of Corporate Limits.
Article 3 - Annexation of Territory by Cities of 25,000 Inhabitants or More.
Section 11-42-40 - Applicability of Provisions of Article; Provisions of Article Not Exclusive.
Section 11-42-41 - Passage of Resolution to Annex Territory.
Section 11-42-43 - Ordering of Election.
Section 11-42-44 - Notice of Election.
Section 11-42-45 - Designation of Voting Places and Boundaries for Voting.
Section 11-42-46 - Appointment of Inspectors and Returning Officers; Duty of Inspectors Generally.
Section 11-42-47 - Qualifications for Voting; Electors to Vote at Designated Voting Places.
Section 11-42-48 - Applicability of General Election Laws.
Section 11-42-50 - Ascertainment, Certification, and Delivery of Election Results.
Section 11-42-52 - Contests of Election.
Section 11-42-53 - Costs of Election.
Section 11-42-54 - Subsequent Extensions of Corporate Limits.
Section 11-42-55 - Requirement as to Resolutions, Orders, or Notices Under Article.
Section 11-42-56 - Subsequent Elections Not to Be Held Within 12 Months of Preceding Election.
Section 11-42-57 - Exemption From Taxation of Territory Annexed and Property Therein.
Section 11-42-62 - Separately Owned Lands May Be Embraced in Single Resolution or Notice.
Section 11-42-73 - Creation, etc., of Wards; Election of Aldermen or Representatives.
Section 11-42-75 - Rearrangement, etc., of Boundaries of Wards.
Section 11-42-81 - Licensing of Dance Halls, Poolrooms, etc., in Territory Exempt From Taxation.
Section 11-42-87 - Fees and Compensation of Probate Judge and Other Officers for Services Rendered.