All corporations, companies and associations not incorporated under the laws of this State, and which are engaged in the City in affecting or soliciting fire insurance shall pay to the Treasurer of the City, annually upon July 15, 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 affected or transacted for fire insurance within the City, for the year ending with July 1. The percent above named shall be a tax or license fee upon all such corporations, companies or associations transacting said business within the City. (Ord. 37, 3-9-1896)