The annual premiums above referred to shall be the gross amount of premiums for the
preceding year; if the company, society, association, corporation, firm or individual
be new, then the premiums for the first two (2) months shall be the basis for the
license tax and six (6) times that amount shall be estimated as the gross amount of
premiums of such business; provided that any company, society, association, corporation,
firm, or individual commencing business after the first of July shall pay one-half
(½) of the license taxes graded as herein, but the license shall never be less than
the minimum herein provided.
(Ord. No. 474, § 2, 8-7-56)
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