The City Manager shall make an investigation to determine the truthfulness of the statements made in the application. If statements are found to be correct and the applicant has not had such a license as the one applied for revoked and has not been convicted of an offense relating to the regulation of or the manner of conducting such business within the period of one year prior to the date of application, or has not been convicted of any offense involving moral turpitude at any time, the City Manager shall, upon payment of the fee provided for in § 112.05, issue a license authorizing the person to maintain and operate the business stated in the application at the location stated, for a period expiring on December 31 next ensuing. If at the time of application less than six calendar months remain until December 31, the license fee shall be 60% of the annual fee. If at the time of the application less than three months remain, the license fee shall be 33-1/3% of the annual license fee. Such license shall be issued upon condition that the licensee complies in all respects with all statutes of the state, and ordinances of the city now in force or hereinafter passed in relation to the business carried on under such a license, and the license shall be subject to revocation for the reasons and in the manner set forth in § 112.08.
(‘73 Code, § 711.04)