J. MILLARD TAWES, Governor                       1453

Department and shall be preserved for a period of three years unless
the Department in writing consents to their destruction within that
period or by order requires that they be kept for a longer period.

49.

Any manufacturer transferring a new motor vehicle to a dealer
shall supply such dealer, at the time of the transfer, with a manu-
facturer's certificate. Any dealer transferring a new motor vehicle
to another dealer shall, at the time of the transfer, give such trans-
feree the proper manufacturer's certificate assigned to the transferee
and each dealer shall hold an unexpired franchise in this State for
the particular make of vehicle being transferred.

61.

(a) (1) [Dealer] Licenses FROM AND AFTER JANU-
ARY 1, 1966, LICENSES for dealers and dealer registration plates
shall be issuable only to dealers as that term is defined in this article.
[Used car dealer] Licenses for used car dealers and dealer registra-
tion plates shall be issuable only to used car dealers as that term
is defined in this article. No dealer shall be entitled to obtain a
license as a dealer and dealer registration plates and no used car
dealer shall be entitled to obtain a license as a used car dealer and
dealer registration plates unless (i) the applicant's said business is
conducted at a fixed location in a substantial building in which the
books of account and records of said business are maintained and
kept; (ii) the said business of the applicant is the only or the principal
business conducted on the said premises; (iii) the said building is
adequate and appropriate for the [business so conducted] sale of
motor vehicles by the applicant; (iv) the applicant maintains and
operates a service shop equipped for reasonably adequate and proper
servicing of the vehicles to be sold by the applicant [, or, in the
alternative, the applicant has an extant contract APPROVED BY
THE DEPARTMENT which requires such servicing to be furnished
at a reasonably convenient location to the purchasers of vehicles
from the applicant]; (v) each applicant for a license as a dealer,
upon notification by the Department of approval of the application,
files with the Department acceptable evidence of a surety bond in such
form as the Department shall approve in the sum of five thousand dol-
lars ($5,000) TEN THOUSAND DOLLARS ($10,000) FIVE THOU-
SAND DOLLARS ($5,000) for the use and benefit of the Department
and the public who may suffer or sustain any loss by reason
of any violation of Sections 29, 46, 47, 49, 61, 62, or 63 of
this article by a dealer, and the license of any dealer under this
article who fails to file acceptable evidence that the bond required
herein has been extended prior to the date of expiration of the bond
shall be automatically suspended and the Department shall immedi-
ately notify him of the suspension; (vi) the fee of fifteen dollars
($15.00) is paid for the dealer's license, regardless of the number
of the business locations, for each year or part thereof, including
the issuance of one salesman's license for this fee; and [(5)] (vii)
the applicant is registered with and licensed by the Department.

(2) All such registrations shall be made upon application on forms
to be provided by the Department, upon which the applicant shall set
forth under oath the name of the applicant; the applicant's trade
name, if any; the place of incorporation if the applicant be incor-