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(4) When a new license application is submitted as a result of incorporation by an existing licensee and the ownership, control, and interest in the license are unchanged,no additional fee shall be required. C. Billable Transaction Fees: Licensees shall pay a monthly transaction fee on all billable transactions.. Such fee shall be due and payable within thirty(30) days. Failure to timely pay the billable transaction fee shall constitute a violation of this Section. The billable transaction license fee shall reflect the cost of processing transactions and other related regulatory expenses as determined by the City Council, and shall be reviewed and adjusted, if necessary, every six(6) months. Licensees shall be notified in writing thirty(30)days before any adjustment is implemented. The initial billable transaction fee for billable transaction shall be one dollar seventy five cents ($1.75)per electronic transaction,regardless of the number of items in that transaction, and$2.75 per manual transaction. 566.10. Bond Required. At the time of filing an application for a license, the applicant shall file a bond in the amount of Five Thousand Dollars ($5,000.00) with the City. The bond,with a duly licensed surety company as surety thereon, must be approved as to form by the City Attorney. The bond must be conditioned that the licensee shall observe all ordinances of the City and all laws in regulation to the business of pawnbroker, and that the licensee will account for and deliver to any person legally entitled thereto any articles which may have come into the possession of the licensee as pawnbroker, or in lieu thereof such licensee shall pay the person or persons the reasonable value thereof. The bond shall contain a provision that it may not be cancelled without thirty(30) days advance written notice to the licensing authority. 566.11. Persons Ineligible for a License. A. No license under this Section shall be issued to an applicant who is a natural person if: (1) The applicant is a minor at the time the application-is filed;or . (2) The applicant has been convicted of any crime directly related to the occupation licensed as prescribed by Minnesota Statutes, Section 364.03, subdivision 2,and has not shown competent evidence of sufficient rehabilitation and present fitness to perform the duties of a pawnbroker as prescribed by Minnesota Statutes, Section 364.03,subdivision 3; or (3) The proposed use does not comply with the St. Anthony Zoning Code; or (4) The proposed use does not comply with any health,building,building maintenance or other provisions of the City Code or state law; or (5) The owner of the premises licensed or to be licensed would not qualify for a license under the terms of this chapter; or 9