(a) If, after considering an application and upon such further investigation as he may make, the Director of Finance is satisfied that same will be beneficial to the people of the City, will not be an undue or unwarranted burden and will not interfere with or hinder or prevent the lawful activity of any other persons, he shall approve the same, otherwise, he shall notify the applicant personally or by mail that his application has been refused approval.
(b) The license of any auctioneer shall be automatically revoked by the Director of Finance when such person no longer has a valid Ohio license. The Director may suspend or revoke the license of any auctioneer for any of the causes for suspension or revocation contained in Ohio R.C. 4707.15, or for any violation of any provisions of this chapter.
(1952 Code § 25-17-8)