Every license to be taken out under and by virtue of this chapter, or other city ordinance, shall contain and set forth the purpose, trade, business, profession or activity for which such license is granted, and the name and address of the person or entity requesting the same. Said license shall authorize the continuance of the activity named therein for the term of such license, but shall not authorize the carrying on of said activity in any other location. If the entity to which, or to whom, a license has been issued changes its name or address, the entity shall inform the city clerk of such and request that a new license be issued. Until the new license is issued, the existing license shall be void. (2003 Code § 5-01-03)