(A) All moneys derived from license fees under the provisions of this chapter shall be paid to the City Clerk/Treasurer/Tax Collector and placed to the credit of the General Revenue Fund of the city and shall be expended and used for:
(1) Defraying the current, general and incidental expenses of the city;
(2) For capital improvement; and
(3) For the construction and reconstruction of streets, alleys, curbs and sidewalks, as authorized by the City Council.
(B) It is the purpose of this chapter to provide revenue for the General Revenue Fund of the city, and it is not the intention of the city or of this chapter to impose and require an occupational license fee prohibited by law.
(Prior Code, § 110.02) (Ord. A-27, passed 3-24-1969)