This Ordinance to apply to existing licenses.

18. Every auctioneer's license in force at the time this Ordinance shall come into operation shall remain in full force and effect until its expiration by effluxion of time or its forfeiture but shall be deemed to be a license granted under this Ordinance and all the enactments herein contained shall apply as fully to every auctioneer so holding any existing license and to such license as if such license had been granted under this Ordinance.