The Town Board shall make an investigation of the qualifications of each applicant for a license required by this chapter and the merits of each application, with due expedition after the filing of the application and, if it shall determine that the applicant is duly qualified to be licensed under this chapter to hold, operate and conduct games under the provisions of this chapter and the rules and regulations governing the holding, operation and conduct thereof in the town; that the member or members of the applicant designated in the application to hold, operate or conduct the games are bona fide active members of the applicant and are persons of good moral character and have never been convicted of a crime; that such games are to be held, operated and conducted in accordance with the provisions of this chapter and in accordance with the rules and regulations governing the holding, operation and conduct thereof and that the proceeds thereof are to be disposed of as provided by this chapter and, if the Town Board is satisfied that no commission, salary, compensation, reward or recompense whatever will be paid or given to any person holding, operating or conducting or assisting in the holding, operation and conduct of any such games of chance except as otherwise provided in this chapter; and that no prize will be offered and given in excess of the sum or value of $1,000 in any single game of chance and that the aggregate of all prizes offered and given in all of such games of chance held, operated and conducted on a single occasion under the license shall not exceed the sum or value of $3,000, it shall issue a license to the applicant for the holding, operation and conduct of the specific kinds of games applied for, accordingly, upon payment of a license fee or fees as set by resolution of the Town Board from time to time for each occasion upon which any games are to be conducted under the license.