The Village President may grant any license, and the Village President and Board of Trustees may revoke any license issued under this chapter during the term of such license for failure by any applicant or licensee to comply with any provision of this Code or any Statutes of the State of Illinois relating to the business, occupation or activity for which a license application has been made or for which a license has been granted; provided, however, no license shall be denied or revoked hereunder until notice has been given to the applicant or licensee as provided in section 4-1-11-2 of this chapter, a reasonable time has elapsed to enable the applicant or licensee to comply with the provisions of this Code and applicable State Statutes, and the applicant or licensee has been given the opportunity to present his case at a hearing as provided in section 4-1-11-3 of this chapter. Such denial or revocation of a license may be in addition to any fine imposed. No person whose license has been revoked as herein provided shall be eligible for a new license during the period for which the revoked license was originally issued. (1987 Code § 3-1-11)