The Riverbank Police Services Division is hereby authorized and directed to issue upon written application, bicycle licenses which shall be effective from January 1, 1980 and effective thereafter. The licenses shall be issued for a period of three years and the licenses must be procured on or before February 1 after each three-year period. The licenses when issued, shall entitle the licensee to operate such bicycle for which said license has been issued, upon all the streets, alleys and highways, exclusive of the sidewalks thereof.
(`67 Code, § 9-3-2)