The Director of Financial & Management Services may revoke the license issued to any taxpayer who is in default in any payment of any license fee or tax hereunder, or who shall fail to comply with any of the provisions of this chapter. Notice of such revocation shall be mailed to the taxpayer by the Director of Financial & Management Services, and on and after the date thereof any such taxpayer who continues to engage in business shall be deemed to be operating without a license and shall be subject to any or all penalties herein provided. (Ord. M-203 §25, 1954)