Upon the payment of the applicable tax or fee prescribed in this chapter to the city assessor and collector and exhibition to him or her of a permit duly issued by the state to the applicant or person paying such tax or fee, the city assessor and collector shall, in the name of the city, issue and deliver to such applicant or person a permit to engage in the business in the city of the character described in and authorized by the permit from the state held by such applicant or person, the permit so issued in the name of the city shall authorize the conduct of such business upon the premises described in the permit from the state, and shall remain in force only so long as such permit from the state remains in force.
(1964 Code, § 5-3)