(A) The first and initial license fee for new licenses applied for between January 1 and June 30 of any year shall be in an amount equal to the annual fee described in § 4-1-11 plus a nonrefundable fee of $200 to defray the costs of investigation of the applicant as provided for and pursuant to the provisions of this section, payable in one installment. The first and initial license fee for new licenses applied for between July 1 and December 31 for any year shall be in an amount equal to one-half the annual fee plus the nonrefundable fee of $200 to defray the costs of investigation of applicant as provided for and pursuant to the provisions of this section payable in one installment.
(B) Any sale, transfer, or assignment of more than 5% of the shares of a corporation shall terminate said license for the purpose of payment of a fee for a first and initial license.
(C) Any bankruptcy, insolvency of a license, or any sale, transfer, or assignment of any copartner or copartnership or copartnership interest in a license held by a copartnership shall terminate and said license for the purpose of payment of a fee for a first and initial license.
(Ord. 14-02, passed 2-18-2014)