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ORDINANCE NO. NS-1189 PAGE ELEVEN (d) The time within which any action may be brought against a surety upon any bond filed hereunder may, by express provisions of the bond to that effect, be limited to a period of two C2) years from and after the discovery by the person aggrieved of the act of default complainedco~ Sec. 26-37. Same - Investigation. The Chief of Police shall examine such application, and shall make such further investigation of the applicant and its or his affairs as he shall deem necessary. If from such inves- tigation the Chief of Police shall be satisifed: (a) That the applicant and his agents are of good character and reputation, or that every managing officer or agent of the applicant, if the applicant is a corporation, is of good character and reputation, or if the applicant is an unincorporated association, firm or partnership, each member thereof is of good character and reputation; Lb} That applicant has sufficient financial responsibi- lity to carry out the obligations incident to any solicitation such applicant or his agents may make within the City of Santa Ana as such promoter, and that all of the statements made in such application are, and each of them is, tr~e and that neither the applicant, nor any officer, agent or member of the applicant has engaged in any fraudulent transaction or enterprise, and that the applicant intends to conduct its busi- ness fairly and honestly and agrees in writing to uphohd the provisions of this section and subsections, the Chief of Police shall issue to the applicant a license to solicit as a promo- ter within the City of Santa Ana. Otherwise, the Chief of Police shall deny the application and refuse to issue a license, and shall notify the applicant of his decision by registered mail, giving him a written statement of his findings of fact, and notifying him of his right to a hearing and appeal on the denial. Said Chief of Police shall issue or refuse to issue said license within fifteen C15) days of the filing of said application; (c) Provided, however, that if the only ground for such refusal or denial is such that it does not substantially affect applicant's honesty and integrity, and if the inability of the applicant to meet any requirement will not in any way interfere with a proper performance by the applicant of his duties as such promoter, the Chief of Police may waive such grounds and grant the application. This proviso relates only to paragraphs Ca) and ObI of this section. Sec. 26-38. Same - Fee Paid to City. Upon the granting of such license the Chief of Police shall forward said license to the Director of Finance, who shall deliver said license upon payment by the applicant of a fee of twenty-five dollars ($25.00). Sec. 26-39. Same - License Revocation. Upon any complaint being filed with and verified by the Chief of Police or upon his own investigation, if it be found after a hearing upon written notice containing charges, that any person to whom a license has been issued under Section 26-34 has violated any of the requirements of this Code or any of its subsections, or of any other law or that the said license holder, or that his agent has made untrue statements