Licenses shall be issued for the current fiscal year, except in instances where the schedules or charges are fixed for shorter or other periods of less than a year, but in all other cases the amount of the charge shall be the yearly license rate or charge and licenses shall be issued for the time or periods for which the charges have been made. If a license is granted for a period of less than one year, the tax shall computed from the annual tax in proportion to such time as the license has to run, unless specifically otherwise provided; and, provided further that, no license for any purpose or for any length of time shall be issued for less than an amount set by Council from time to time.
(Prior Code, § 741.05)