(a) The Chief of Police, upon receipt of the proper application, is authorized to issue a bicycle license which shall be effective for a period not to exceed two years.
(b) The Chief shall not issue a license for any bicycle when he knows or has reasonable ground to believe that the applicant is not the owner or entitled to the possession of such bicycle or that such bicycle is not in safe operating condition.
(c) Upon the expiration of any bicycle license, the same may be renewed upon proper application.
(d) The Chief shall keep a record of the number of each license, the date issued, the name and address of the person to whom issued, the name and address of the owner’s parents or guardian if the owner is a minor, and the name of the manufacturer, color, serial number or other identifying marks of the bicycle for which issued, and other information as the Chief of Police deems pertinent.