(A) For each certificate granted pursuant to this article, there shall be paid to the city a certificate fee of $3 for each vehicle for which a certificate shall be granted. No additional fee shall be charged for renewal of any certificate granted.
(B) Certificates shall be issued until May 31, following the date of issue and shall be good annually thereafter until May 31 of each year, unless revoked by the City Council. Such certificates shall be transferable with approval of the City Council.
(1989 Code, § 7-372)