A. Unsecured personal property held in storage in warehouses or in the possession of, or under the control of, any person, firm or corporation on the first Monday in March, at twelve noon and subject to taxation shall not be removed from said warehouse or from the possession or control of said person, firm or corporation until all taxes against said unsecured personal property has been paid or until the tax collector has been given twenty-four hours’ notice in writing by the person, firm or corporation with whom the property is stored, that said unsecured personal property is to be removed.

B. Upon failure to give said notice, said person, firm or corporation storing said property shall be liable for taxes thereon. (Prior code § 6.04.1130)