Each Billiard Parlor Operator's license required by this Section 7-3-11 shall terminate on December 31 next following its issuance. No part of a license fee will be refunded if the license is revoked by the Village Manager.
Any licensee may renew his, her or its Billiard Parlor Operator's license at the expiration thereof, provided he, she or it is then qualified to receive such a license and the premises for which such renewal license is sought are suitable for such purpose; and provided, further, that the renewal privilege herein provided for shall not be construed as a vested right which shall in any case prevent the President and Board of Trustees from decreasing the number of licenses to be issued within its jurisdiction.