(a) An application for a license and approval as a registered school or college of barbering shall contain, under oath of the applicant or proper officer of a corporation or association, the following:
(1) The full name of the applicant, person, association, or corporation;
(2) The exact location where the school or college is located or proposed to be located;
(3) Whether or not the school or college is owned or leased and, if leased, the name and residence of the owner or, if a corporation, the directors and stockholders thereof;
(4) A detailed drawing of the premises where the instruction is to take place, including the:
(A) Size of the building;
(B) Number of chairs available;
(C) Sanitary facilities;
(D) Name, number, and qualifications of the teachers on the staff; and
(E) Proposed number of students;
(5) A statement, certified to by a public accountant licensed to practice in this state, of the assets and liabilities of the person or firm making the application;
(6) Evidence that a financial responsibility bond for faithful performance of duty has been secured; and
(7) Evidence that a performance bond of ten thousand dollars ($10,000) guaranteeing the operation of the school or college has been secured.
(b) A barber school or barber college shall not be approved on any premises or in any building or part of a building unless a physical barrier of solid construction separates the barber school or barber college from all other businesses, occupations, or establishments conducted on the same premises or in the same building or part thereof.