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<br /> ORDINANCE NO. 718 <br /> AN ORDINANCE UPDATING, CLARIFYING AND <br /> AMENDING VARIOUS SECTIONS OF TITLES <br /> ONE THROUGH NINE OF THE LOUISVILLE <br /> MUNICIPAL CODE. <br /> The following section was added to the ordinance <br /> upon second reading, thereby amending said ordinance. <br /> 3.26.010 Tax Imposed <br /> There is hereby levied on and against each telephone utility <br /> company operating within the city, a tax upon the occupation and <br /> business of maintaining a telephone exchange and line connected <br /> therewith within the City and upon supplying local exchange telephone <br /> service to the inhabitants of the city. The annual amount of tax <br /> levied shall be equal to eight dollars per telephone account for which <br /> local exchange telephone service is provided within the corporate <br /> limits of the City on the effective date, as provided in Section <br /> 3.26.020, and upon each anniversary thereo f . <br />