The fee for a license to operate a used car lot shall be fifty dollars ($50.00). In all cases the fee shall accompany the application for a license. The Mayor shall issue to all persons to whom licenses are granted appropriate and proper certificates in such form as he or she may prescribe. In the event of the loss, mutilation or destruction of a license, any licensee may make application for a duplicate copy thereof. The fee for a certified or duplicate copy of a license shall be ten dollars ($10.00). Every licensee interested in obtaining a renewal of such license shall, on or before the first day of March of each year after the issuance of the initial license, file an application in such form as shall be prescribed for the renewal of such license. The fee for a renewal license shall be fifty dollars ($50.00).