(a) Whenever the owner of a bicycle licensed pursuant to this article sells or otherwise disposes of a bicycle, he shall, within ten (10) days, notify the licensing agency of such disposition.
(b) Any person who purchases or otherwise acquires the possession of a bicycle shall, within ten (10) days of taking such possession, apply for the transfer of the license for such bicycle to his name.
(§ II, Ord. 548-NS, eff. October 23, 1975)