Upon approval of an application and upon the payment of the annual license fee of twenty-five dollars ($25.00) per amusement device, five dollars ($5.00) per juke box and twenty-five dollars ($25.00) for a cigarette vending machine, a license to display one amusement device, cigarette vending machine or juke box shall be issued to the applicant. Upon the approval of an application and upon payment of the annual license fee of fifty dollars ($50.00), a license for a game room shall be issued, provided the applicant has secured a certificate of occupancy pursuant to the Building and Housing Code for the game room premises as a place of public assembly with reference to the game room use included.