Each license shall be issued for a period of one calendar year commencing March 1, 1980. The calendar year license fee shall be an amount as established by resolution of the city council for each pool or billiard table, shuffleboard and foosball game operated by the licensee and shall be payable prior to March 31st for the year required or prior to commencement of business in the city. For any license procured after the applicable date required in this section, there is assessed and shall be collected by the city clerk, in addition to the required annual license fee, a penalty as established by resolution of the city council on the annual license fee for each month or part of a month accruing between the time such license is procured and the time when the same should have been procured under the terms of this chapter. (Ord. 88-16 § 3, 1988: Ord. 80-06 § 3, 1980)