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No finding of public convenience and necessity shall be required for the issuance of licenses within the limitation of Section 731.03. The holders of licenses granted within the foregoing limitation shall be entitled, without such finding of convenience and necessity, to retain and to secure renewals thereof upon the payment of the annual license fee, provided that the same have not been revoked or suspended for the failure to comply with any other requirement of this Chapter or other regulation of the City.
(Ord. 2077-59. Passed 6-1-59.)