The Chief of Police, after consideration of the application and all information obtained relative thereto, shall issue the permit if the applicant possesses the qualifications for such permit as herein required and the issuance of a permit to the applicant would be in accord with the intent and purposes of this chapter. The permit shall be issued for the calendar year in which the application is filed. The permit shall be issued within 15 days of the receipt of the application and shall expire on December 31 of the year for which it was issued. The solicitor shall surrender the permit to the Chief of Police upon its expiration unless renewed by the Chief of Police.