(A) No revocation, suspension or surrender of any license shall impair or affect the obligation of any pre-existing lawful contract between the licensee and those with whom the licensee has dealt.
(B) The Board or Trustees of the town may reinstate suspended licenses or issue new licenses to a person whose license has been revoked or surrendered if no fact or conditions then exists which would warrant the Board of Trustees to refuse to issue such license under the terms of the provisions applicable to the license.
(Ord. 1986-1, passed 1-8-1986)