When a license has been revoked for cause, no license shall thereafter be issued for the sale of alcoholic liquor upon the said licensed premises or to the person in whose name the revoked license was secured, for a period of one year from and after the date of such revocation. In the event that the applicant for the license is not the owner of the premises described in the application, the owner of such premises must sign an agreement whereby such owner agrees to the foregoing provisions.
('71 Code, § 4-17-25)