When the Clerk certifies that conditions have been met, the Finance Department shall, upon payment of $100 per day of operation, issue a license specifying the name and address of the licensee, the kind of festival licensed and the number of days operation is authorized. The licensee shall keep the license posted in a conspicuous place upon the premises at which the festival is conducted. No license issued pursuant to this chapter shall be transferable or removed to another location.
(`78 Code, § 5.30.070.)