The Chief of Police shall promptly cause to be made such investigation of the applicant as he deems necessary and shall determine whether the applicant is a person of good moral character or has any propensity toward theft, embezzlement, falsification or misrepresentation and whether the applicant has the ability to hold harmless any person from any loss, including attorney fees and court costs resulting from the payment of any money to the applicant upon the sale of any merchandise in advance of the delivery thereof or upon any contract for services in advance of the performance thereof or upon any contract for the furnishing of labor and materials in advance of the furnishing thereof and whether the applicant is, or will be for at least one year thereafter, available for the service of process in any action or by any person paying any such money and for contact by law enforcement officers. (Ord. 1845 § 2 (part), 1972).