(A) No license shall be issued under this chapter for a period of less than one calendar year, unless the same is issued pursuant to application made subsequent to the first day of any calendar year, in which event the license shall be issued for the remaining period of the year, and no license shall be issued for a period of more than one year. Unless otherwise provided by law, all licenses issued hereunder shall be valid from January 1 or the date of issuance, whichever comes later, to December 31 of each year.
(B) For all licenses issued and in effect on or before June 30 of each year, the full fee shall be paid. For all licenses issued on or after July 1 of each year, the fee shall be 50% of the annual fee as hereinbefore established. All license fees shall be paid to the Local Liquor Control Commissioner at the time the application is made and shall be forthwith turned over to the Village Treasurer. The required fee shall be submitted with the application. If the license is granted, then the fee shall be deposited in a general corporate fund or in such other funds as shall have been designated by the Village Board of Trustees by proper action.
(C) Upon a business licensed under this chapter either:
(1) Closing or otherwise ceasing to do business; or
(2) Discontinuing or ceasing the sale of alcoholic liquor, the liquor license issued to its licensee shall automatically terminate and become null and void and the number of available liquor licenses authorized in the classification (class) of the terminated license shall automatically be reduced by one.
(D) Upon the sale, transfer, assignment or any other alienation of any interest of any business licensed under this chapter, the liquor license issued to its licensee shall automatically terminate and become null and void and the number of available liquor licenses authorized in the classification (class) of the terminated license shall automatically be reduced by one.
(Ord. 1105, passed 12-5-83; Am. Ord. 2274, passed 4-3-06; Am. Ord. 2710, passed 4-18-11) Penalty, see § 113.99