Any license granted hereunder shall be subject to revocation or suspension by the Mayor. However, the Mayor shall first serve or cause to be served upon the licensee a written notice in which shall be specified the way or ways in which the licensee has failed to comply with the statutes or any rules or regulations established by the village pertaining thereto. The notice shall require the licensee to remove or abate the nuisance, unsanitary or objectionable condition, specified in such notice within five days or within a longer period of time as may be allowed by the Mayor. If the licensee fails to comply with the terms and conditions of the notice within the time specified or the extended period of time, the Mayor may revoke or suspend the license.
(`92 Code, § 23-3-6)