(A) Whenever the owner of any vehicle licensed under this chapter before the expiration of such license, sells or otherwise disposes of such vehicle and acquires another vehicle, and desires to transfer the original license to the newly acquired vehicle, and notified the Village Clerk of the sale, as herein provided, such owner shall make application to the Village Clerk for such transfer. The application shall state the name and address of the licensee and a description of the newly acquired vehicle and such other information as the Village Clerk may require, and upon payment of the appropriate fee, the Village Clerk shall transfer such license to apply to the newly acquired vehicle.
(B) The transfer fee shall be $1 provided that if the newly acquired vehicle is in a class requiring a higher license fee than was paid for the original license, the transfer fee shall be the amount of the difference between the fee paid for the original license and the license fee fixed for the newly acquired vehicle, plus the sum of $1.
(C) The transfer license must be displayed within 30 days of purchase of the new vehicle. If the transfer fee is not paid within 90 days of purchase of the new vehicle, the fees in § 71.04 shall apply.
(Ord. 90-14, passed 3-14-90)