The Chief of Police or his designee may issue a license as provided for in this chapter if he first finds that:
(A) The applicant is not one of the classes of persons described in Sections 12021 and/or 12021.5 of the California Penal Code; and
(B) The building in which the applicant proposes to conduct the business of selling by retail any pistol, revolver or other firearm capable of being concealed upon the person is equipped with such security devices as the state of California requires and the chief or his designee deems necessary to prevent the theft therefrom of any such firearm; and
(C) The conduct of such business at the proposed location will not adversely affect the public health, safety and general welfare.
(D) Any license issued pursuant to this chapter shall be subject to those conditions stated in Section 12071 of the California Penal Code and any other reasonable conditions deemed necessary by the chief, or his designee, to protect the public health, safety and general welfare. Such license shall be in the form prescribed by the California Attorney General.