The schedule for the bills and payment of the annual franchise tax levied and imposed hereby shall be as follows:
(A) The city shall cause a bill for the annual franchise tax levied and imposed hereby to be issued to each financial institution subject thereto, on or before the 1st day of December of each calendar year.
(B) The franchise tax levied and imposed hereby shall be due and payable to the city on the 31st day of December of each year, at the office of the City Clerk; and shall be subject to a discount of 2% thereof if paid prior thereto; and shall become delinquent on the 31st day of January of the following year; and, thereafter, there shall be added thereto a penalty of 20% thereof, plus interest thereon at the rate of 6% per annum, until paid, plus the costs of collection, including, without limitation, court costs and attorney's fees.
(Ord. 144 (2-10-99), passed 2-10-99)