Whenever application shall be made to the municipal council of the city by any person, company or corporation for a franchise or grant of special privileges, or for a renewal or extension of any existing franchise or grant of special privilege, the person, persons, company or corporation shall furnish the municipal council with five (5) copies of the proposed resolution or ordinance and pay into the city treasury of the city the sum of one hundred dollars ($100.00). (Prior code § 7-17-1)