(a) If, at any time, the finance director finds that collection of the tax will be jeopardized by delay, the director may declare the taxable period immediately terminated, determine the tax, and issue notice and demand for payment thereof. Thereafter, the tax shall be due and payable forthwith, and the finance director may proceed to collect such tax as provided in this article.

(b) Collection of the tax under this section may be stayed if the taxpayer gives such security for payment as shall be satisfactory to the finance director. (Code 1979, § 36-175)