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The business license is valid for one year and shall be renewed annually. The clerk shall have the authority to adjust the expiration date and to prorate the license fee of the license in order to coincide with state of Washington license expiration dates. The licenses shall not be assignable or transferable. (Ord. 5076 § 3, 1998; Ord. 4891 § 3, 1996; 1961 code § 5.37.025.)