Applications for licenses for public vehicles shall be made to the Village upon blanks provided by the Mayor and shall set forth the name and address of the applicant; the trade name under which he or she does business; the class of each vehicle for which a license is desired; the seating capacity of the vehicle; the design, color scheme and lettering and marks to be used on such vehicle; the proposed schedule of fares; and any other information required by the Village. When an applicant applies for the first public vehicle license taken out in his or her name, the applicant shall pay to the Clerk of Council twenty dollars ($20.00) upon filing for each such public vehicle license, which fee shall not be refunded. If the application is approved, the applicant shall furnish the Clerk of Council, prior to the issuance of the decal insignia, information covering the particular vehicle to be licensed, such information to include the make, the State license number, the length of time the vehicle has been in use, and the name and address of the person from whom the vehicle was purchased, and any other information required by the Village pertinent to the issuance of a license.