Any corporation or association subject to this subchapter shall pay to the Treasurer for the maintenance, use, and benefit of the Fire Department fund a sum of money equal to 2% of the gross receipts each year received for premiums by any and all agents of any such corporation or association, or received as premiums in any way for fire insurance policies on any property in the city. The payments to the Treasurer shall be made for the year ending July 1 of each year.
(1969 Code, § 15-42) Penalty, see § 10.99
Statutory reference:
Similar provisions, see ILCS Chapter 65, Act 5, § 11-10-1