(A) All corporations, companies and associations not incorporated under the laws of the state and which are engaged in the city in effecting fire insurance, shall pay to the City Treasurer for maintenance, use and benefit of the Fire Department of the city, 2% of the net receipts received by their agency in the city, which sum shall be paid on or before July 15 of each and every year. Every person in the city who shall act as an agent for and on behalf of any corporation, company or association shall on or before July 15 of each and every year render to the City Clerk a full, true and just account, verified by his or her oath of all premiums which during the year ending on July 1 preceding any corporation, company or association and shall specify in the report the amount received for fire insurance, and at the time of rendering the report shall pay to the City Treasurer the aforesaid 2% of the net receipts received on premiums by him or her.
(B) Any corporation, company or association failing or refusing to render an account on or before the day herein designated or failing or refusing to make the payment aforesaid shall not be permitted to transact any insurance in the city until the account shall have been fully rendered and the payment made as herein provided.
(C) The money collected by the Treasurer under the provisions of this section shall be set apart for the maintenance, use and benefit of the Fire Department and shall be kept in a separate fund, to be known as the Fire Department Fund.
(1986 Code, § 2.42.140) (Ord. 9, passed 8-14-1922)