There shall be paid to the City a license and inspection fee of twenty five dollars ($25.00) per annum for each motor bus operating and transporting people for hire or fare solely within the City, which fee shall be collected from every person owning and operating a motor bus on the streets of the City before a license or renewal thereof is issued, which license fee shall be paid annually in advance, with each license issued covering the calendar year for which it was so issued. (Ord. 545, 12-15-69)