(1) The board shall issue to the applying area operator without delay licensing certificates for each passenger tramway owned, managed, or the operation of which is directed by the area operator when the board is satisfied: (a) That the facts stated in the application are sufficient to enable the board to fulfill its duties under this article 150; and (b) That each passenger tramway sought to be licensed has been inspected by an inspector designated by the board according to procedures established by the board and that the inspection disclosed no unreasonable safety hazard and no violations of the provisions of this article 150 or the rules of the board promulgated pursuant to section 12-150-105. (2) In order to satisfy itself that the conditions described in subsection (1) of this section have been fulfilled, the board may cause to be made such inspections described in section 12- 150-115 as it may reasonably deem necessary. (3) Licenses shall expire on dates established by the board. (4) Each area operator shall cause the licensing certificate, or a copy thereof, for each passenger tramway thus licensed to be displayed prominently at the place where passengers are loaded thereon.
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