725.02 FEE.
   (a)    The City Manager is hereby granted the authority to grant and issue a license to any person, firm or corporation for the distribution and posting of advertising matter upon payment to him of a license fee of twenty-five dollars ($25.00) per day for each person, firm or corporation distributing or posting such advertising matter.
   (b)    The Manager is also authorized to revoke such license for cause.
(1938 Code §146.)
   (c)    No license issued under this section shall be transferable.