Issuance of bicycle licenses shall be governed by the following procedure:
   A.   Submission of a completed application for a bicycle license on the form designated by the director of finance administration.
   B.   A complete description of the bicycle, including frame or serial number and proof of ownership shall be submitted with the application.
   C.   Payment of the fee prescribed in section 5-5-5 of this chapter shall accompany the application.
   D.   Upon compliance with subsections A, B and C of this section, the director of finance administration, or designee shall issue a license in compliance with division 16.7 of the state Vehicle Code, and shall cause the license to be affixed to the frame of the bicycle in such a manner that it cannot be removed without breaking the seal or affixing device. (1962 Code § 3-1.01 et seq.)