If the ambulance operator to whom an ambulance operator's permit has been issued desires to sell or transfer his business, the interested buyer or transferee shall make application for an ambulance operator's permit as required by this chapter, accompanied by an affidavit of the seller of his intention to surrender and cancel the permit held by such ambulance operator conditionally upon, and concurrently with, consummation of such sale and issuance of a permit in the name of the buyer. If a buyer-applicant or transferee-applicant for a permit meets all the standards set forth in this chapter for the issuance of an ambulance operator's permit, the Council shall issue a new permit to the buyer-applicant and concurrency therewith cancel the seller's permit.
('63 Code, § 6-2.12) (Ord. 2858, passed 2-7-61)