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The license fee imposed upon each insurance company which issues life insurance policies on the lives of persons residing within the corporate limits of the city shall be 10% of the first year's premiums actually collected within each calendar quarter by reason of the issuance of such policies.
(Ord. 1202-1982, passed 12-28-82; Am. Ord. 1537-2005, passed 3-14-05; Am. Ord. 1712-2016, passed 1-15-16)