Upon receipt of such application, within twenty-four (24) hours, the city recorder shall cause such investigation of such person or person's business responsibility or moral character to be made as he deems necessary to the protection of the public good. If, as a result of such investigation, the applicant's character and business responsibility are found to be not in conformance with the standards set out in this chapter, the application shall be denied. If, as a result of the investigation, the character and business reputation appear to be satisfactory, the city recorder shall so certify in writing, and a license shall be issued by the City Recorder. The City Recorder shall keep a full record in his office of all licenses issued. Such license shall contain the number of license, the date the same is issued, the nature of the business authorized to be carried on, the expiration date of said license, the place where said business may be carried on under said license, and the name or names of the person or persons authorized to carry on the same. Prior to the issuance of a license by the city recorder, the applicant shall comply with all license fees, business tax forms, and other such requirements as may be mandated by the State of Tennessee, the County of Henry, and the City of Paris.