When the business of a distributor or exhibitor is sold or otherwise transferred, the license of the. distributor or exhibitor may be transferred to the transferee with the consent of the Director of Public Safety-Service, for the remainder of the license period if the latter shall be satisfied that the successor would be eligible to receive a new license. The transfer of an exhibitor's license shall carry with it the transfer of the machine licenses issued to him, but the transfer shall be noted on the books of the Director and upon the license stamps issued for the machines.
(Ord. 446-A. Passed 11-5-48; Ord. 67-20. Passed 6-8-67.)