The grantee shall pay, as compensation to the city, an occupation tax, a sum equal to 3% of the base rate times the number of subscribers. The tax shall be paid annually commencing on May 1 or the first year of operation by the grantee and continuing on May 1 of each succeeding year. Each payment shall be accompanied by a statement executed by a certified public accountant certifying the number of subscribers served during each month of the preceding year.
(1972 Code, § 10-733) (Ord. 638, passed 4-15-1980) Penalty, see § 115.99