(1) Motor vehicles and trailers in the course of delivery from a manufacturer to a dealer, or from one dealer to another, may be operated on the highways without license number plates being attached, if they display, on the rear, a placard issued by the Secretary of the Department of Finance and Administration, bearing the words “IN TRANSIT”, the registration number, the time and date the placard was issued, and the genuine signature of the secretary or his or her agent.
(2) The letters and figures shall be of such size and type to meet the requirements of the secretary.
(3) The fee for the registration of these vehicles shall be three dollars ($3.00) for each placard.
(4) The fee shall be collected by the secretary before issuance of the placard.
(5) All placards issued under the provisions of this subchapter shall permit operation of motor vehicles on the highways of this state for a period not exceeding forty-eight (48) hours.
(6) The placard shall be good for one (1) trip only.