For each and every month, or part thereof, any such license tax provided for under this article shall remain unpaid after the same shall become due and payable, there shall be added to such license tax as a penalty, ten (10) per cent of the amount of such license tax for the first month or part thereof the same is unpaid, and for each and every month thereafter two (2) per cent of the amount of such license tax shall be added until the same is fully paid. If the license tax as provided in this article is not paid by the last day of the month that said tax is due, the city manager or his designee may suspend or revoke the city business license and/or liquor license in accordance with the procedures provided by ordinance for the suspension or revocation of said licenses or said party. Such suspension or revocation shall not relieve the obligation to pay tax due or any future tax to become due. In addition to the penalties provided herein, any person subject to the provisions of this article who fails to file a statement or pay the tax or refuses to permit inspection of his books and records upon request, or who files a false or fraudulent statement, as required by this article or within the time required by this article shall, upon conviction thereof, be fined not less than fifty dollars ($50.00) nor more than five hundred dollars ($500.00), or imprisonment for not more than ninety (90) days, or both such fine and imprisonment.

(Code 1964, § 11.1440)