No license, permit or fee shall be required from any person exempted from a license by Federal or State law. The Mayor, Recorder and one councilman, selected by the aforesaid two, shall hereby constitute a License Exemption Board and shall have the power to grant any exemption from or reduction in any license or permit fee under this article to any blind or crippled persons, or to any veteran of an American War, or to any charitable, religious, civic, political, benevolent, or patriotic organization deemed by such Board to merit exemption or reduction; provided, however, that such exemption or reduction shall be granted for a period longer than the current license year, and provided further, that the licensee shall be given a certificate with the exemption or reduction clearly marked thereon and the reason therefor. Each exemption or reduction granted under the provisions hereto shall be reported to Council at its next meeting, and Council may affirm, qualify or reject any such exemption or reduction. The action of Council shall be final. (1978 Code Sec. 8-20)