707.05 EFFECT OF LICENSE.

   A license shall be issued hereunder on the following terms:

   (a)   Licensing Period. The license shall authorize the sale described in the application for a period of not more than twenty-five consecutive days, Sundays and legal holidays excluded, following the issuance thereof.

   (b)   Renewal Procedure. The License Officer shall renew a license for one period of time only, such period to be in addition to the twenty-five days permitted in the original license and not to exceed fifty consecutive days, Sundays and holidays excluded, when he finds:

(1)   Facts exist justifying the license renewal;

(2)   The licensee has filed an application for renewal;

(3)   The licensee has submitted with the application for renewal a revised inventory showing the items listed on the original inventory remaining unsold, and not listing any goods not included in the original application and inventory;

(4)   For the purposes of this subdivision, any application for a license under the provisions of this chapter covering any goods previously inventoried as required hereunder shall be deemed to be an application for renewal, whether presented by the original applicant, or by any other person.

   (c)   Nature of Sale. The license shall authorize only one type of sale described in the application at the location named therein.

   (d)   Saleable Goods. The license shall authorize only the sale of goods described in the inventory attached to the application.

   (e)   Surrender of General License. On being issued a license hereunder for a going-out-of-business sale, the licensee shall surrender to the License Officer all other business licenses he may hold at the time applicable to the location and goods covered by the application for a license under this chapter.

   (f)   Nontransferability. Any license herein provided for shall not be assignable or transferable.

      (1979 Code 110.19)