The license fee shall be as follows: for exhibiting or showing either a hippodrome, carnival or circus, $100 per day; for theatrical and other exhibitions and public shows, $5 per day. Provided, however, that whenever any theatrical or other exhibitions, other than hippodrome, carnival or circus, shall remain in the town more than one day, the President is authorized to use discretion to reduce the license for every subsequent day the exhibition remains in the town to any sum not less than $1 per day.
(`77 Code, § 44.03)