Any applicant for a license to keep, maintain, conduct or operate a junk yard shall be disqualified for any of the following reasons:
(A) Not a person of good character.
(B) Falsification of an application for a license hereunder.
(C) License for a junk yard theretofore issued to the applicant has been revoked during the preceding twenty-four (24) months.
(D) Failure to meet any one of the minimum physical requirements for a junk yard as specified in Section 7-4-2 hereof.