(a) No permit for the erection of any building or any structure, or license or permit for the conduct of any use, shall be issued for a period of three (3) months after the question of amending the zoning ordinance so as to prohibit the use or building contemplated in the area concerned has been referred by the board of trustees to a board of commission to hold a public hearing on the question of adopting such amendment. Provided, that if final action by the village board is not taken on the question within three (3) months of the time the matter is so referred to hold a public hearing, the permit shall issue, if otherwise lawful.
(b) If within such three (3) month period the governing body of the village shall pass an ordinance amending the zoning ordinance so as to prohibit such building, structure or use, no such permit shall be issued.
(c) If a permit for any such building or structure, or a license for the conduct of any such business or use, has been issued prior to such reference, but the business or use has not been established, or no substantial part of the construction has been completed at the time of such reference, such license or permit shall be suspended and no action taken thereunder for a period of three (3) months after the questions of amending the zoning ordinance has been so referred.
(d) If final action by the village board is not taken on the question within three (3) months of the time of reference, the rights under the permit or license may be exercised.
(e) If within such three (3) month period the governing body of the village shall pass an ordinance prohibiting the use, building or structure on the site involved, such prohibition shall be applicable to the holder of such permit or license. (1963 Code § 22.111)