A licensee may apply to he Chief of Police for an annual permit to carry a firearm so long as the same is openly displayed and for an annual permit to have a siren, and for an annual permit to have a warning light, all subject to the rules and regulations promulgated by the Chief of Police and the laws of the state, after which the Chief of Police may issue the annual permits, or any of them. Any permits so issued shall terminate upon cessation of a business by the licensee, revocation of the licensee's license, or upon revocation of any of the permits for cause. (Prior code § 11-17-013)