(a) Upon the filing of the application, the applicant shall pay to the business license administrator the sum of fifty dollars ($50.00) as an annual license tax for each motor bus of a seating capacity of forty (40) passengers or less, and seventy-five dollars ($75.00) for each motor bus or combination operated as a unit of a seating capacity of more than forty (40) passengers on the public streets and places of the city. This license tax shall be due and payable on the first day of October of each year, and the license shall expire on the thirtieth day of September the following year.

    (b) If the application to operate such motor bus is made during the period beginning on the first day of March and ending on the last day of May, only one-half (1/2) of the license fee shall be charged and collected. If the application is made during the period beginning on the first day of June and ending on the last day of September, only one-fourth (1/4) of the license fee shall be charged and collected.

(Code 1964, § 11.166)