In any case where a person, a group of persons, or a corporation proposes to purchase or acquire control of an existing cemetery company either by purchasing the outstanding capital stock of any cemetery company, or the interest of the owner or owners, and thereby to change the control of said cemetery company, such person shall first make application to the Commissioner for a certificate of approval of such proposed change of control of said cemetery company and said application shall contain the name and address of the proposed new owners and the Commissioner shall issue said certificate of approval only after he has become satisfied that the proposed new owners are qualified by character, experience and financial responsibility to control and operate the said cemetery company in a legal and proper manner, and that the interest of the public generally will not be jeopardized by the proposed change in ownership and management. Such application for a purchase or change of control must be accompanied by an initial filing or investigation fee of $50.00.