Annual licenses shall terminate on December 31 next following their date. If issued after March 31, such annual license shall be issued for three-fourths of the annual fee; if issued after June 30, such annual license shall be issued for one-half of the annual fee; and if issued after September 30, such annual license shall be issued for one-fourth of the annual fee.
(Ord. 2-1941. Passed 4-16-41.)