The term of the licenses issued pursuant to the provisions of this chapter shall be from January 1 of one year to December 31 of the succeeding year. In the event any licensee hereunder shall commence business on or after July 1, the City Clerk shall issue such license at the rate of one-half of the license fee for such six-month period of July 1 to December 31 or fraction thereof.
(Prior Code, § 605.050)