A.   Probationary Period: All licenses issued as provided in this chapter for the first time to a person who commences a business within the city, shall be issued for a period of six (6) months. This shall be a probationary period. Upon expiration of this period, the license shall be automatically renewed for the remainder of the calendar year in which the six (6) month period expires; provided, that if the licensee has committed or omitted to do any act that constitutes grounds for revocation of a business license as set forth in section 3-1-12 of this chapter, the license shall be subject to revocation and nonreinstatement as provided in section 3-1-12 of this chapter.
   B.   Term; Fee Due And Payable: Except as provided in subsection A of this section, all licenses issued shall be for a calendar year. All license fees that are imposed by this chapter, except the initial license fee, shall be due and payable on or before February 15. In the event the fee is not paid on or before that date, a penalty of twenty five percent (25%) of the amount due shall be imposed and shall become a part of the license fee levied by this chapter.
   C.   Final Notice; Remedy: On March 1 of each year, a final notice shall be sent to all licensees whose annual license fee remains unpaid. This notice shall state that unless the fee and any accrued penalties are paid by March 15, legal action will be initiated by the city attorney for engaging in business without a valid business license. (1985 Code § 11-1-8)