Whereas a majority of the electors of the city voting thereon did approve at a special election question on April 15, 1983, the proposition to eliminate the tax on intangible personal property and to authorize the levying of certain other taxes, no intangibles tax shall be levied upon money, notes and other evidence of debt having a taxable situs in the city, for the benefit of the city, for the future taxable years, as provided by law. Such election having been prior to August, such intangibles tax shall be levied in the calendar year 1983 but shall not be levied in the calendar year 1984 or thereafter.

(Ord. 680 § 1, 1983)