(A) All licenses shall be renewed upon strict and full compliance with the regulations of the city at the time of the application for such renewal, but no new retail liquor license (other than a renewal or reissue of a license as hereinafter provided to be issued to vendees or assignees of a retail liquor business and the issuance of a Class E — Special license) shall, at any time thereafter, be granted or issued until the number of licenses in force at the time, shall be less than 50, whereupon such new license may be issued from time to time to lawful applicants, upon such compliance by the applicant with the regulations in force in the city at the time of the application for such license, until the total number of retail liquor licenses in force shall be 50.
(B) The owner, or his legal representative, of a retail liquor license shall have and be given the right to a renewal or reissue of such license at the same or different place of business upon compliance with the regulations now in force in the city, or which may hereafter be passed governing the issuance of retail liquor licenses and in the event such owner or his legal representative of a retail liquor business shall lawfully sell and assign said retail liquor business, the vendee or assignee of the same shall, upon full compliance with the regulations then in force in the city governing the issuance of retail liquor licenses, and upon surrender of the original licenses to the Liquor Commissioner by such owner, and a cancellation of the same, and upon payment of the fee for such license, shall be entitled to a new license and may, in turn, lawfully sell and assign said business upon and under the same terms and conditions as the original owner thereof could do hereunder. The privilege of the owner to lawfully sell and assign said retail liquor business, and the vendee or assignee thereof to obtain a new license as provided in this regulation, shall apply only so long as the license in each case shall have been kept in force continually and uninterruptedly in the name of the licensee or his successor in interest.
(C) This section shall not apply to clubs as defined in the liquor regulations, and shall not apply to drug stores, nor hotels located on the premises in the district where liquor licenses may be issued under provisions of this code heretofore in force, provided such hotels shall have been in operation one year and over prior to the application for license, and shall contain and operate 20 rooms and over for transient guests.
('71 Code, § 4-17-6) (Ord. 1958, passed 4-11-77; Am. Ord. 2287, passed 6-28-82)