A. Every person desiring to engage, as a substantial portion of his business, in the collection, acquisition and purchase of used articles shall, before engaging in such business, file his application with the City Recorder. The application shall state his name, residence, the street and number of the location of his business and the name or names of the owner or owners thereof; and if a corporation, the names of the three largest stockholders; and if an assumed name, the name and addresses of all interested parties.

B. The license fee for a general used article, store, junk dealer or pawnbroker shall be twenty-five dollars per calendar year. The license fee required in this section shall be payable annually and shall expire on December 31st of each calendar year in which such license is issued. The license fees shall not be prorated for the balance of any calendar year. No license shall be issued for any less sum than set out in this section during any portion of a calendar year.

C. Such application shall be referred to the Chief of Police, who shall cause an investigation to be made as to the reputation of the applicant as a law abiding citizen, and he shall ascertain from the applicant the character of the place which he intends to operate. The Chief of Police shall approve or disapprove in writing the application and return it to the City Recorder.

D. In case of disapproval by the Chief of Police, the applicant may then appeal to the City Council from such refusal to grant the license. The Council shall thereupon hold a hearing of all matters pertinent thereto, and notify the applicant to attend and present his case. The Council shall then make its own determination as to whether the license should be issued.