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ORDINANCE NO. 1141
AN ORDINANCE TO AMEND ORDINANCE NO.544
BUSINESS LICENSE SECTION 1-118
BY AMENDING INSURANCE COMPANIES
ADOPTED NOVEMBER 24, 1974
Pursuant to Section 11-51-121, Code of Alabama, 1975.
Section 1. LICENSE TAX ON FIRE AND MARINE INSURANCE COMPANIES. There is
hereby levied on each fire and marine insurance company doing business in the city a license, privilege or
occupation tax of four dollars ($4.00) on each one hundred dollars ($100.00), or major fraction thereof, of
gross premiums, less return premiums received on policies issued during the preceding calendar year on
property located in the city.
Section 2. LICENSE TAX ON INSURANCE COMPANIES OTHER THAN FIRE AND
MARINE INSURANCE COMPANIES. A license, privilege or occupation tax is hereby levied upon
each insurance company, other than fire and marine insurance companies, doing business in the city,
twenty dollars ($20.00), and also of one dollar ($1.00) on each one hundred dollars ($100.00) or major
fraction thereof of gross premiums, less return premiums, received during the preceding calendar year on
policies issued during said year to citizens of the city.
Section 3. WHEN STATEMENT AND TAX ON FIRE, MARINE AND OTHER INSURANCE
COMPANIES IS DUE. On the first day of January, or within sixty (60) days thereafter, of each year,
each insurance company which did any business in the city during any part of the next preceding year
shall furnish the Mayor a statement in writing, verified by the affidavit of the president, vice-president or
secretary of the company, which statement shall set out and show the full and true amount of gross
premiums, less return premiums, received during the preceding year, on all policies of such insurance
issued in the city during the said preceding year, and shall accompany said statement with the amount of
license due from said company. Failure to furnish said statement or to pay such amount to the city, as
herein required, shall cause a forfeiture of the right of the company so failing, or its agents, to continue to
do business in the city until said statement shall have been furnished and said sum shall have been paid,
and shall subject the company and its agents to the penalties prescribed by this Code for failure to pay
license or privilege taxes.
Section 4. SEVERABILITY. If any section, subsection, sentence, clause, phrase or portion of
this ordinance is for any reason held invalid or unconstitutional by any court of competent jurisdiction,
such portion shall be deemed a separate, distinct and independent provision and such holding shall not
affect the validity of the remaining
portions hereof.
Section 5. ADOPTION. This ordinance shall take effect upon its due adoption and publication as
required by law.
Attest:
Geniece W.
ADOPTED THIS THE 201h DAY OF December , 2001.
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Ti y M. K t, Mayor