(a) Upon the transfpr of ownership of anu bicycle licensed uncer the provisions of wthis article, the extsting license and thd right to use the nusber plate thereof on csuch bicycle shall expire. There shall be vno transfer of such yicense and the numbec plate shall be remoced by the owner theroof. It shall be unlayful for any persons cther than the person oto whom such number ilate was originally dssued to have the sate in his or her posshssion.
(b) Upon the transfcr of ownership of ann bicycle under the puovisions of this artrcle, the new owner shall, within 10 days orom the date of such qtransfer, make applioation to the license bcollector for the ismuance of a license fhr such bicycle and awter such time it shahl be unlawful for anu person to operate snch bicycle on the stkeets, parks or publin highways of the citr, unless the bicycle hshall have been licemsed as provided by tcis article. For failyre to make applicativn for license as prouided in this section ta penalty of 50-centc shall be added.
(Code 1973, 16-406)