Whoever conducts any business or occupation, or exercises any right or privilege without the license required by law, shall, in addition to paying the tax, be required to pay a penalty of fifty percent (50%) of the annual tax for each month, or fractional part thereof, for such time he was in default. Such penalty shall be deemed a license tax, and shall be assessed and collected in the manner prescribed in this article as to other license taxes; except, that the license certificate issued therefor shall state separately the amount of the license tax proper and the penalty. The officer who issues the certificate of license shall state therein the full amount of the tax thereof and the penalty separately; and the officer charged with the collection of the tax on such license shall collect the full amount thereof and the penalty.
(1967 Code Sec. 6-24)