Upon the payment of the applicable tax or fee prescribed by this chapter to the assessor and collector of taxes and exhibition to him of a permit duly issued by the state to the applicant or person paying such tax or fee, the assessor and collector of taxes shall, in the name of the city, issue and deliver to such applicant or person a permit to engage in business in the city of the character described in and authorized by the permit from the state held by such applicant or person and the permit so issued in the name of the city shall authorize the conduct of such business upon the premises described in the permit from the state and shall remain in force only so long as such permit from the state remains in force.
(Code 1943, Art. 34-6)