All licenses issued under the provisions of this subchapter shall expire at midnight following the second Tuesday in May of each calendar year. The applicant shall pay an annual removal fee and execute surety bond for each renewal in the same amounts as the original application as above provided.
('68 Code, § 3-902) (Ord. 104, passed 12-4-51; Am. Ord. 104.1, passed 9-9-58)