(A) No license shall be issued to any applicant if any of the persons required to be investigated under § 111.02 has been convicted of any felony or of a crime involving fraud, theft or receiving or possessing stolen property in the five years immediately preceding the date of the license application.
(B) The conviction of any person required to be investigated under § 111.02 for any felony or for any crime involving fraud, theft, or receiving or possessing stolen property or for any violation of this chapter shall constitute grounds for immediate revocation by the City Council of the privilege license issued to such secondhand precious metal business.
(1995 Code, § 6-38) (Ord. passed 10-21-1980)