(A) Term of license. All licenses issued under the provisions of this chapter shall be for a calendar year and shall begin January 1 and expire December 31 following their issuance.
(B) Payment of license fees. The fees for all licenses required by this chapter shall be due and payable annually in advance of January 1 of each year. In addition to the license fee required by this chapter, an additional amount of $5 shall be collected by the Village Clerk from any applicant applying for a license on or after March 1 of the current year, if the license applied for is for a vehicle which the applicant owned on or before January 1 of the current year.
(C) Prorated license fees. If a vehicle for which a license is required by this chapter is purchased or lawfully acquired by the applicant on or after July 1 of any current year, the fee to be paid shall be a sum equal to one-half of the annual license fee hereinbefore specified, as a license fee for the balance of the year. Before any applicant shall be entitled to a prorated license as provided for in this division, the applicant shall furnish an affidavit in form satisfactory to the Village Clerk, stating that the vehicle for which the license is applied for was purchased or otherwise obtained by the applicant on or after July 1 of the current year and shall exhibit to the Village Clerk the bill of sale covering the vehicle for which a license is sought.
(D) Transfer of license.
(1) Immediately upon the sale or transfer of any motor vehicle which has been licensed as required by this chapter prior to the date of the sale or transfer, the vendor or transferor shall remove the license tag or sticker from the motor vehicle so sold or transferred, and the license so issued for the motor vehicle shall cease to apply to the motor vehicle from the date.
(2) Upon a showing to the Village Clerk that the tag or sticker has been so removed from the sold or transferred vehicle, the Village Clerk may issue, for any fee of $1 a new tag bearing a new number, which shall apply to and be assigned to any other vehicle of the same class owned by the vendor or transferor; except no tag or sticker issued for or assigned to any vehicle shall ever be used for or attached to or upon another and different motor vehicle.
(Prior Code, § 6-1-6)