306.535.  Applications, contents, fee — not made within certain period, delinquency fee. — 1.  Applications shall be made on forms prescribed and furnished to the applicant, upon demand, by the director of revenue.

  2.  The application shall contain a brief description of the outboard motor to be registered, the name of manufacturer, the factory number or serial number, the type and color of the outboard motor, the amount of motive power stated in figures of horsepower, and the name and address, including county, of the owner; and a declaration and affidavit of ownership, showing the date and from whom purchased.

  3.  The fee for registering and issuing a license shall be two dollars, and the fee for a certificate of title shall be five dollars, both of which fees shall be paid to the director of revenue at the time of making the application.

  4.  If application for the certificate of title is not made within sixty days after the outboard motor is acquired or brought into the state by the applicant, a delinquency penalty fee of ten dollars for each thirty days of delinquency, not to exceed a total of thirty dollars, shall be imposed.  If the director of revenue learns that any person has failed to make application for a certificate of title within sixty days after acquiring or bringing into the state an outboard motor or has sold an outboard motor without obtaining a certificate of title, he shall cancel the registration of all outboard motors registered in the name of the person, either as sole owner or as a co-owner, and shall notify the person that the cancellation shall remain in force until the person pays the delinquency penalty fee provided in this subsection together with all fees, charges and payments which he should have paid in connection with the certificate of title and registration of the outboard motor.