No license granted under this title shall be assignable or transferable, nor shall any person be authorized to do business or act under such license but the person to whom it is granted, or at any other place than that specified therein, nor shall any license authorize any person to act under it at more than one place, or at any other time than is therein specified; provided, that any person to whom any license shall have been issued may with the permission of the mayor assign and transfer the same to any other person, and the person to whom such license is issued, or the assignee of such license shall surrender such assigned license and have a new license issued for the unexpired term of the old license, authorizing the assignee or transferee of such license to carry on the same business or occupation at the same place designated in the old license; provided further, that in all cases the person obtaining such new license shall give a bond with sureties which shall conform as nearly as may be to the bond upon which such surrendered license was issued. (R.O. 1959, Ch. 24, Art. 1, Sec. 11)