Section 1D. Any person who is engaged in the business of buying or selling bicycles or motorized bicycles shall, upon the sale of such motorized bicycle, affix a sticker or plate which shall bear a distinctive number, as prescribed by the registrar, to said bicycle upon a fee to be determined annually by the commissioner of administration under the provision of section three B of chapter seven. Said fee shall be forwarded to the registry of motor vehicles by such person. Said sticker shall be renewed biannually in the manner prescribed by the registrar.