Notwithstanding the provisions of § 114.04, if any said insurance company has not issued any insurance on property or persons, or covered any risk, within said city during the preceding calendar year, then at the time it appoints an agent within said city, or if it does not write said insurance through an agent then at the time it writes any insurance on property or persons, or covers any risk within the city, they shall pay a license fee of $5, which shall be credited upon the amount of license tax due and payable when said company files its report for said calendar year as hereinabove provided.
(Ord. 2007-001, passed 1-17-2006)