A license plate issued pursuant to this chapter shall not be transferred from one vehicle to another and shall not be used by any person upon any motor vehicle, except the one for which it was issued, nor shall it be used upon such vehicle, except as long as such vehicle remains the property of the person to whom it belongs at the time of registration and in whose name it was registered; provided that, where a motor vehicle has been fully registered and the license plate has been properly issued for such vehicle, the owner of such vehicle may, upon the sale or exchange thereof, transfer the license plates assigned to such vehicle to the purchaser of such vehicle by registering such transfer with the Village Clerk and upon such transfer, the transferee of such license plate shall be entitled to use the same upon the vehicle purchased.
(Prior Code, § 6-3)