(A) Annual Licenses. The license period shall be from July 1 of each year through June 30 of the following year. All annual license fees shall be paid in advance upon the original issuance and annually or semi-annually thereafter at the office of the Clerk in legal currency of the United States, payment to be made in amounts as follows:
1. If the application is made during the half year preceding January 1, the license fee shall be one hundred percent (100%) of the annual license fee.
2. If the application is made during the half year commencing January 1, the license fee shall be fifty percent (50%) of the annual license fee.
All annual licenses shall be due and payable on the first day of July of each year and shall be and become delinquent on July 31 next thereafter and shall expire on June 30 of each year.
(B) Daily Licenses. The daily licenses in this Chapter provided shall be due and payable to the Town each day in advance. The daily license shall cover a period of twelve o'clock (12:00) midnight to twelve o'clock (12:00) midnight of the day next thereafter.
(C) Penalty. If any license provided for by this Chapter shall remain unpaid for more than thirty (30) days after the same is due, a penalty of twenty five percent (25%) shall be added to the same and collected by the officer or employee of the Town having charge of the collection of licenses. If this license fee and the penalty remain unpaid for fifteen (15) days, the license shall forthwith be cancelled.