Any person desiring to obtain a license to distribute handbills or to engage in the business of distributing handbills shall apply in person to the clerk-treasurer and complete an application in writing listing his full name and address and that of each officer, partner, or business associate. The applicant shall also list the full names and addresses of all persons by and on behalf of whom the handbills are to be distributed. The clerk-treasurer shall forward the application to the mayor for his review. If satisfied that the information furnished by the applicant is true and that no fraud or misrepresentation will be perpetrated upon the residents of the city, the mayor may authorize the clerk-treasurer to issue the license upon payment of the fees prescribed in § 118.06 ('61 Code, § 46.5)