EDMONDS, J.
The city of Los Angeles sued Rancho Homes, Inc., to recover the amount assertedly due the city for license taxes. The corporation's appeal from a judgment in favor of the city requires the construction of the ordinance which is the basis of the controversy.
Rancho Homes was organized, among other purposes, "to carry on the business of acquiring, subdividing, improving, selling and otherwise dealing in and disposing of real property." Commencing...
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