(A) Bicycle licenses shall not be transferable from bicycle to bicycle, but shall be transferable from person to person, pursuant to a change in ownership of the bicycle and in accordance with a change in registration of such bicycle with the Police Department.
(B) Not later than seven (7) days after the sale or exchange of any bicycle within the city, the purchaser of such bicycle shall make application to the Police Department of the city for a change in the registration of such bicycle, furnishing the Police Department with the necessary information required by them to effect this change of registration. There shall be a fifty cent ($.50) charge for a change in registration of any bicycle.
('74 Code, § 6-13) (Ord. 70-3, passed 4-2-70) Penalty, see § 70.99