(A) Upon receipt of an application, the Clerk/Treasurer shall cause an investigation of the applicant's business reputation and moral character to be made.
(B) The Clerk/Treasurer shall approve the application unless such investigation discloses tangible evidence that the conduct of the applicant's business would pose a substantial threat to the public health, safety, morals, or general welfare. In particular, tangible evidence that the applicant:
(1) Has been convicted of a crime of moral turpitude; or
(2) Has made willful misstatements in the application; or
(3) Has committed prior violations of ordinances pertaining to itinerant merchants, peddlers, solicitors, and the like; or
(4) Has committed prior fraudulent acts; or
(5) Has a record of continual breaches of solicited contracts; or
(6) Has an unsatisfactory moral character will constitute valid reasons for disapproval of an application.