A. Nontransferability; Improper Display Prohibited: No license or permit may be assigned, sold, loaned, transferred, used as collateral or otherwise encumbered. No person, firm or corporation shall use or display any license, certificate, tag, badge, or sticker which has been improperly acquired.
B. Prohibited Alterations: No person, firm or corporation shall alter, deface, forge, or counterfeit any license, certificate, plate, tag, badge or sticker issued by the village.
C. Change In Ownership: Any changes in partners, officers, directors, or persons holding directly, indirectly or beneficially five percent (5%) or more of the shares or ownership interest shall be reported in writing to the village administrator. The notification of change of ownership and a twenty five dollar ($25.00) administrative fee shall be submitted to the village within ten (10) days of the change. All new personnel and owners shall meet all the standards of this chapter and must otherwise qualify to hold a business license in the village.
D. Change In Name: Any changes in the name of a business or organization holding a business license shall be reported in writing to the village administrator, together with a list of those individuals and entities holding directly, indirectly or beneficially five percent (5%) or more of the shares or ownership interest and a twenty five dollar ($25.00) administrative fee. Such information and fee shall be submitted within ten (10) days of the change. (Ord. 98-13, 2-19-1998)