(a) The commissioners court shall approve an application for a license to operate a ferry for hire if the applicant:
(1) shows that the applicant owns the land on which the ferry is to be established; and
(2) satisfies the court that the public convenience will be promoted by operation of the ferry.
(b) The commissioners court shall issue the license when the applicant:
(1) executes a bond in accordance with Section 342.104; and
(2) presents a receipt from the county treasurer for payment of the license fee imposed under Section 342.104.
(c) A license issued under this section expires on the first anniversary of the date it is issued and may be renewed annually.