The business license fee schedule is fixed in the amount of twenty five dollars per year, payable in advance, for each business, trade or profession;, conducted or carried on within the corporate limits of the City. No business, profession or trade conducted or carried on in a single location under one management or ownership shall pay more than one license fee regardless of the multiple nature of the business carried on. No tax exempt nonprofit company, association, corporation, or co-partnership or whatever kind as defined by the federal or state governments which operates or conducts a community festival or event of no more than four days in duration shall be required to obtain a business license as herein previously provided and the exemption which has been provided shall extend to the festival's or event's participants displaying and/or selling arts, crafts, and hobbies under sanction of said festival or event. Any business, profession or trade in more than one location within the City shall pay a license fee for each location where the business, profession or trade is conducted.