The annual fee for such license shall be the sum of one dollar ($1.00). The license shall be issued by the clerk on application showing the applicant to have the required qualifications and upon payment of the license fee. The first license issued to any person terminates at the end of the then current fiscal year of the village and licenses thereafter shall be for the fiscal year beginning on May 1 and ending on April 30 next thereafter. (Ord. 234, 4-27-1965)