Upon proof of payment of the renewal premium continuing the bond required by this chapter in full force and effect, or proof that the applicant meets 1 of the exceptions to the bond requirement set forth in § 2504 hereof, and upon the payment of a fee of $25 on or before the expiration date of any license issued under this chapter, the applicant shall be entitled to a renewal of license for another year.

3 Del. C. 1953, § ?2506; 56 Del. Laws, c. 456, § ?1; 65 Del. Laws, c. 116, § ?1;