The term for all annual licenses named in this article shall begin on July 1 of each year and end with the following June 30. Every City license for any purpose named in this article, except as otherwise provided, shall expire on June 30. If any such license is granted for less time than a year, the tax thereon shall be computed from the annual tax in proportion to such time as the license has to run, except as otherwise provided; except, that no license for any purpose or any length of time shall be issued for less than two dollars ($2.00).
(1968 Code §14-3)