The annual fee, payable in advance, for such license shall be $100.00 plus $20.00 for each taxicab operated. Whenever the number of cabs so operated shall increase during the license year, the licensee shall notify the finance director of such change and shall pay the additional fee. Such fee shall be in lieu of any other vehicle fee required by the City of Paris and the finance director shall issue a suitable receipt for the number of cabs covered by each license. Such receipt shall be displayed in a prominent place on each taxicab while it is in use, and may be transferred to any taxicab put into service to replace one withdrawn from service. The licensee shall notify the finance director of the motor number and state license number of each cab operated and the corresponding receipt number (Ord. #849, 05/05/94).