No applicant shall be issued a license who:
         1. (blank);
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         2. has been convicted of a felony;
         3. has not provided a burglar alarm system for the
    
safe, vault, and other fixtures;
        4. has not provided a time lock for the safe, vault
    
or other fixtures;
        5. has not provided one or more combination locked
    
steel doors (one in front of the other and no door less than one inch thick) aggregating at least 3 1/2 inches in thickness; or one combination locked round or square steel door not less than 3 1/2 inches in thickness;
        6. has not provided vault construction (walls,
    
ceiling and floor) of equal resistance to the door;
        7. has not placed in a conspicuous place in the
    
location, a sign in large print, telling the depositor what types of protection are being furnished by the licensee;
        8. has advertised or advertises that the facilities
    
furnished by him are approved by the Director.
    Any of the requirements set forth in this section which are not capable of fulfillment because of wartime restrictions may during the war time emergency, be waived by the Director.
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