In case any telephone company shall refuse, fail or neglect to furnish or file any report required by §23-25 at the time required for such filing, or shall fail or refuse to permit the City to inspect the books and records of such company for the purpose of verifying such report, than the occupation tax for the preceding quarter shall be the sum of five thousand dollars, and such amount shall be paid within forty-five days following the end of the calendar quarter as required by §23-22 and such amount shall draw interest and be subject to penalties as provided by §23-24.