A. Tax Imposed: It shall be unlawful for any corporation or association not incorporated under the laws of the State to engage in effecting fire insurance or to transact any business of fire insurance in the Village without having fully complied with the provisions of this section. Any such corporation or association shall pay to the Village for the maintenance, use and benefit of the Fire Department Fund a sum of money equal to two percent (2%) of the gross receipts each year received for premiums by any and all agents of any such corporation or association or on any property in the Village. Such payments shall be made to and for the year ending July 1 of each year.
B. Reports: Every person acting as representative for or on behalf of any such company or association shall, on or before July 15 of each year, render to the Village Treasurer a full, true and just account, verified by oath, of all premiums which have been received by him on behalf of the company during the year ending the preceding July 1 of such fire insurance policies.
C. Time Of Payment: All payments under the provisions of this section shall be made on or before July 15 following the termination of the year for which the payments are due. (1984 Code)