It shall be the duty of the meter readers employed by the City to report:
(a) The number of each parking meter which indicates that the vehicle occupying the parking space adjacent to such parking meter is or has been parked in violation of any of the provisions of this article;
(b) The state license number of such vehicle;
(c) The length of time during which such vehicle is parked in violation of any of the provisions of this article;
(d) Any other facts, a knowledge of which is necessary to a thorough understanding of the circumstances attending such violation.
Each meter reader shall also attach to such vehicle a notice to the owner or operator thereof that such vehicle has been parked in violation of a provision of this article and instructing such owner or operator to report to the Finance Department in the City Building in regard to such violation, or to deposit the envelope upon which the notice of the violation is printed, together with two dollars ($2.00) in any parking meter fine depository installed upon any parking meter standard as is provided for in Section 353.02 within twenty-four hours of the date of receiving such parking meter violation notice. If the owner or operator of a vehicle parked in violation of this article reports to the Finance Department in the City Building and pays the Finance Director the sum of two dollars ($2.00) or deposits the parking meter violation notice along with two dollars ($2.00) in any parking meter fine depository within twenty-four hours of the date of receiving the violation notice, the parking meter violation shall be excused.
Upon failure to comply with any of the above provisions each owner or operator may, within forty-eight hours of the time when the notice was attached to the vehicle, pay to the Finance Director as a penalty for the violation, the sum of four dollars ($4.00).
The failure of the owner or operator to make the payment within forty-eight hours shall render the owner or operator subject to the penalty provided for in Section 303.99.