When it is determined that the bicycle meets with the requirements of the laws of the State and of this Traffic Code, the Division of Police shall issue a license for the bicycle together with the registration card showing that a license has been issued to the applicant and containing a description of the bicycle and the name and address of the licensee. Such license and registration card shall be valid as long as the applicant is the owner of the bicycle. Suitable record books for the purpose of keeping a record of all bicycles for which licenses have been issued shall be procured, and the aforesaid record shall be kept in such manner and in such detail as the Division of Police shall determine.
(1964 Code Sec. 76.17)