No person shall carry on or engage in business as a pawnbroker in the City without first having obtained a license therefor from the City and paying an annual license fee. The fees for the issuance of a license under this chapter shall be set by resolution of the Council and are listed in the Schedule of Civil Penalties and Fees contained in the Appendix to this Code of Ordinances. Any person having several or separate places of business shall pay the license fee and procure a license for each place. The license provided for herein is valid only for the location designated in the application pursuant to Section 125.05 and shall be prominently displayed therein at all times. Upon any change in any of the information required to be submitted as part of the application, the licensee shall within three (3) days of such change notify the Chief of Police of such change, in writing, and in the event of a change of address where doing business, the license shall be returned to the Chief of Police and an amended license issued designating the new location. The amended license will be valid for the length of the time remaining on the original license. All licenses issued under this chapter shall expire one year after the original date of issuance. There shall be no automatic renewal. An application for renewal shall be filed and the fee paid not less than forty-five (45) days prior to the expiration of the current license.