701.03 TERM OF LICENSES.

   Every license issued under the authority of the City shall be issued for the period of the calendar year during or for which it is issued, or for any remaining portion of such calendar year, and shall expire at midnight, December 31, next after the date of its issue, except in the case of licenses issued not earlier than December 15 for the period of the ensuing calendar year.

(1931 Code §50.6060)