(A) Upon application, together with the fee, being filed with the Town Manager, it is thereby the duty of the Town Manager to present the application to the Board of Trustees for its approval or disapproval as the case may be.
(B) Upon presentation by the Town Manager of the application to the Board for the approval or disapproval of the issuance of the license, the Board shall cause an investigation to be made of the applicant, any other person associated with the applicant, and the premises on which the amusement devices are to be located. This investigation shall include, but shall not be limited to health, fire safety, building, or zoning code violations. Upon disapproval of the issuance of the license by the Board for any valid or lawful reason, the application shall be refused and the fee returned. The Board shall approve or disapprove the issuance of the license within 60 days of the date of application for the license.