Upon receipt of an application, the Clerk shall cause an investigation of the person’s business responsibility or moral character to be made as he deems necessary to the protection of the public good. No license shall be issued until at least two weeks have passed or completion of the required investigation, whichever is the longer. If, as a result of the investigation, the applicant’s or his agents’ or representatives’ business responsibility and character are found to be unsatisfactory, the application shall be denied. If, as a result of the investigation, the character and business reputation appear to be satisfactory, the Clerk shall so certify in writing, and a license shall be issued by the Clerk. The Clerk shall keep a full record in his office of all licenses issued. The record shall contain the number of the license, the date the same is issued, the nature of the business authorized to be carried on, the amount of the license fee paid, the expiration date of the license, the place where the business may be carried on under the license and the name of the person authorized to carry on the same.
(`82 Code, § 8-3-5)