Should any applicant for a permit to conduct a public auction of jewelry be dissatisfied with the action of the city clerk not to grant a permit or for the revocation of a permit, then the applicant may make written objection to the city council, setting up the grounds of dissatisfaction. Upon the receipt of such objection, the council shall set the matter for hearing at its next regular meeting giving written notice thereof to the applicant. Upon such hearing the city council may sustain, suspend or overrule the decision of the city clerk and its decision shall be final and conclusive. Pending the hearing before the council, the decision of the city clerk shall remain in full force and effect and any reversal thereof by the city council shall not be retroactive but shall take effect as of the date of the council's decision. (Ord. No. 462, § 6.)