No person shall hold, operate, conduct, or carry on a livestock auction market in this State without first securing a license therefor from the Department. The application for such license shall be on forms prescribed and furnished by the Department and shall set forth:
(a) The name of the operator of the livestock auction market;(b) The location of the establishment or premises where the livestock auction market is to be conducted;(c) The type or kinds of livestock to be handled, sold, or exchanged;(d) A description of the facilities to be used in conducting such livestock auction market;(e) The name of the accredited veterinarian who will supervise such market; and(f) Such other information as the Department reasonably may require. Such application shall be accompanied by a bond and the required fee as hereinafter provided.