(A) Each person, company, or corporation shall pay licensee of $800 per year for the privilege of engaging in the business of billboard advertising on property within the zoned corporate limits of the city .
(B) Such license fee shall be due and payable duly each and every year.
(C) Billboards shall be any sign larger than 12-square feet.
(D) Any person, company, or corporation who fails to renew a license within ten days following expiration shall pay a penalty of 20% in addition to the license fee.
(1996 Code, § 9-2.03) Penalty, see § 110.99