A.
No person shall engage in or operate a coin shop, jewelry shop or other business in which secondhand gold, secondhand silver, secondhand platinum and/or secondhand jewelry is bought or sold without having first obtained an annual license therefor from the Borough Clerk, which license shall bear a number issued by the Borough Clerk and shall be prominently displayed within the licensed premises.
B.
An application for such license shall be filed with the Borough Clerk and shall be accompanied by a license fee of $25 for each premises on which the licensed business is to be conducted.
C.
Each application shall be forwarded forthwith to the Chief of Police who shall investigate the applicant prior to the granting of any license.
D.
Each license shall expire on December 31 of the year in which it is issued.