All licenses or permits granted under any Village
ordinance are granted upon such terms and conditions as may be set
forth by the Board of Trustees and upon the further express condition
that the same may be revoked by the Board of Trustees upon failure
to continue to comply with such terms and conditions. All licenses
and permits granted hereunder shall terminate on December 31 of the
year in which issued and shall not be transferable.
All money collected on the issuance of permits
and licenses shall be paid into the Village Treasury and shall be
applied to the general fund of the Village.