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 reputable 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   (C)   License for a junk yard theretofore issued to the applicant has been revoked during the preceding 24 months; and
   (D)   Failure to meet any one of the minimum physical requirements for a junk yard, as specified in § 113.02.
(`92 Code, § 7-5-5)