After the effective date of this section, any person desiring to conduct, or to continue to conduct any business, as herein defined, within the City shall file with the License Tax Officer an application for a business privilege and mercantile license. The license issued shall be conspicuously posted in the place of business for which the license is issued. In cases where more than one business is conducted, a separate license shall be issued for each business. Any taxpayer who is in default in payment due hereunder shall be refused a license until such tax is paid in full. A business privilege and mercantile license once issued, shall remain valid until the end of the tax year. Such license is not transferable with transfer of ownership of the business. The annual fee for such license shall initially be $25.00, and may be later amended by resolution of City Council. (Ord. 25-2004. Passed 7-6-04.)