All corporations, companies and associations not incorporated under the laws of the state of Illinois, and which are engaged in the city in effecting or soliciting fire insurance, shall pay to the city treasurer, on or before July 15 of each and every year, a sum equal to two percent (2%) of the gross receipts of premiums received by such corporation, company or association, or their agency or agents, for business effected or transacted for fire insurance within the city, for the year ending July 1 next preceding. The sum above named shall be a tax or license fee upon all such corporations, companies or associations transacting said business within the city. (Ord. 1653, 4-18-2000)