Any such corporation, company or association not incorporated under the laws of the State of Illinois which is engaged in the city in effecting fire insurance shall annually pay to the Comptroller for the maintenance, use and benefit of the Fire Department of the City, as provided in Section 4-308-025, a sum of money equal in amount to two percent per annum of the gross receipts received for premiums by any and all agents of any such corporation, company or association during the year ending on the first day of July, for any insurance effected or agreed to be effected in said City by or with any such corporation, company or association during such year.
(Added Coun. J. 12-9-92, p. 25465; Amend Coun. J. 11-16-11, p. 13798, Art. I, § 4; Amend Coun. J. 4-10-19, p. 98769, § 1)