The License Officer shall examine such application and shall make such further investigation of the applicant and its or his or her affairs as the License Officer shall deem advisable. If from such examination the License Officer shall be satisfied:
(A) That the applicant is of good character and reputation, or that every managing officer or agent of the applicant, if the applicant is a corporation, is of good character and reputation, or if the applicant is an unincorporated association, firm or partnership, each member thereof is of good character and reputation;
(B) That the applicant has sufficient financial responsibility to carry out the obligations incident to any solicitation the applicant may make within the city as a promoter and that all of the statements made in such application are and each of them is true and that neither the applicant nor any officer, agent or member of the applicant has violated any of the provisions of this chapter or has engaged in any fraudulent transaction or enterprise, and that the applicant intends to conduct its business fairly and honestly, the License Officer shall issue to the applicant a promoter's license to solicit contributions within the city. Otherwise, the License Officer shall deny the application and refuse to issue the license, and shall notify the applicant of such decision; provided, however, that if the only ground for such refusal or denial is such that it does not substantially affect the applicant's honesty and integrity, and if the inability of the applicant to meet any requirement will not in any way interfere with the proper performance by the applicant of the duties of a promoter, the License Officer may, in his or her discretion, waive such ground and grant the application, and; provided further, that this discretion relates only to divisions (A) and (B) of this section.
(`83 Code, § 5.40.210) (Ord. 82-46 § 13 (part), 1982)