(a) Any person desiring a license authorizing the sale of any of the weapons or other articles mentioned in Section 571.12 shall make application therefor, in writing, to the Chief of Police, upon forms supplied by him or her, setting forth the full name and residence address of the applicant, if an individual, and if a firm or corporation, the full name and residence address of each of its members or officers and any person owning ten percent or more of the outstanding capital stock, and further setting forth the location at which it is intended or desired to conduct such business. Such application shall be accompanied by a fee of one hundred dollars ($100.00) payable in cash or certified check. Any such license shall be valid for a period of twelve months from the date of issuance.
(b) Application for the renewal of such licenses shall be made on similar forms and be accompanied with a like fee and shall be filed with the Chief of Police at least five days prior to the expiration date of the previous license.