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D. This permit shall be valid for one year from the date issued and may he renewed in ~/%e same manner as such permit was initially obtained with an annual permit fee of two hundred dollars ($200.). No permit shall be transferable. E. If the business of the dealer is not operated without interruption, with Saturdays, Sundays, and recognized holidays excepted, the dealer shall notify the Chief of Police of all closings and reopenings of such business. The business of a dealer shall be conducted only from fixed and permanent location specified in his application for a permit. Section 18-58. Exemptions from chapter. The Chief of Police, or his designee, may wai~ by ~written notice i~plementation of any one er more of the pro- visions of this chapter, except Section 18~53, for particular numismatic, gem or antique exhibitions or craft shows sponsored by nonprofit organizations, provided that the purpose of exhibitions is nonprofit in nature, notwithstanding the fact that there may be casual purchases and trades made at such exhibitions. Section 18-59. Penalties; first and subsequent offenses. A. Any person convicted of violating any of the provisions of this chapter shall be 'guilty of a Class 2 misdemeanor, for the first offense. Upon conviction of any subsequent offense he shall be gulty of a Class 1 misdemeanor. B. Upon'the first conviction by any court of a dealer for violation of any provision of this chapter, the Chief of Police may revoke his permit to engage in business as ~ dealer under this chapter for a period of one [1) full year from the date the conviction becomes final. Such revocation shall be mandatory upon a second conviction. 3. This Ordinance shall take effect upon the date of its adoption. ~dopted by the Council of the City of Portsmouth, at a meeting held October 13, 1981. Te~te: Virginia, City Clerk