Section 47
SEC. 47. (a) All licenses and privilege taxes shall paid before the licensee or taxpayer shall begin the business or enjoyment of the privilege for which the license or tax is imposed by the ordinance of the council. (b) All licenses and privilege taxes shall terminate on the thirty-first of May of each year, and anyone beginning a business or the thirty-first of May, shall be required, before beginning such business or exercising such privilege, to pay the license or tax for the part of the year which remains, to and including the thirty-first of May following, but all licenses and privilege taxes may be paid in advance in four quarterly installments at the election of the licensee. (c) An addition to the tax or license, in the nature of a penalty amounting to twenty per centum of the original tax or license to be collected and accounted for by the provincial secretary-treasurer in the same manner as the original tax or license, shall be imposed for a failure to pay the tax or license when due.