Grantees of permits for professional boxing or wrestling exhibitions shall pay to the City Treasurer a fee equal to three percent of the gross receipts of the boxing and wrestling exhibition held under such permits, excluding any taxes which may be imposed under Federal or State law, provided, however, that no fee greater than five thousand dollars ($5,000) shall be required.
The secretary of the Boxing and Wrestling Commission shall be the representative of the City Treasurer, who shall be authorized and empowered to receive payment of the aforesaid three percent of the gross receipts for and on behalf of the City Treasurer.
(Ord. 8487. Passed 5-6-63.)