A separate license shall be required for and with respect to each location or premises at which or upon which alcoholic liquors are sold or offered for sale at retail. No license issued under this chapter shall be transferable either as to location or as to the licensee named therein. Only one license shall be outstanding and in force at any one time for any one location.
('71 Code, § 4-17-8(F)) Penalty, see § 10.99