§ 5-107  SAME; WHEN PAYABLE; TIME PERIOD.
   (a)   All license fees shall be due and payable before the commencement of a trade, occupation, business or profession in which license fees are required.
   (b)   No license shall be issued until the fee is paid.
   (c)   Licenses shall be renewed on or before the expiration date of the current licenses.
   (d)   If the license prescribed is for an annual, quarterly, monthly, weekly or daily period, the license shall not be issued for any part or fraction of the year, quarter, month, week or day, respectively.
   (e)   The license for a day shall expire at midnight.