No person shall conduct a transient retail business from a fixed location in any store, office building, trailer or tent upon property not owned by such person within the Village of Morrisville for the sale of merchandise advertised or represented to be bankrupt stock, assigned stock or merchandise damaged by fire or water without first obtaining a license for such business from the Village Board. Such a permit may be obtained from the Village Board upon the submission of a written application, the payment of any application fee determined by resolution of the Village Board and the holding of a public hearing by the Village Board upon not less than five days' notice to the public.