All license fees shall be paid to the Mayor at the time application is made and shall be forthwith by him or her turned over to the City Treasurer. In the event that the license applied for is denied, the fee shall be returned to the applicant; if the license is granted, then the fee shall be deposited in the General Corporate Fund or in another fund as shall be designated by the City Council by proper action.
(1980 Code, § 18.018) Penalty, see § 111.999