A. The licensed premises must be operated and managed by the license holder. The license holder may not allow a prospective or actual buyer to manage or operate the premises until that person is licensed. (Ord. 549, sec. 1, 5-1-1995)
B. Licenses issued to corporations shall be valid only so long as there is no change in the officers or ownership interest of the corporation, unless such change is approved by the council, in which event said license shall continue in force until the end of the then current license year.
C. Licenses issued to associations or partnerships shall be valid only so long as there is no change in the partnership or association agreement or in the ownership of said partnership or association unless such change is approved by the council, in which event said license shall continue in force until the end of the then current license year.
D. License holders shall submit written notice to the clerk of any such changes described herein on or before thirty (30) days prior to the effective date of any such change. Notwithstanding the definition of "interest" as given in this chapter in the case of a corporation, the licensee shall notify the clerk when a person not listed in the application acquires an interest which, together with that of a spouse, parent, brother, sister or child, exceeds five percent (5%) and shall give all information about said person as is required of a person pursuant to the provisions of this chapter. (Ord. 214, sec. 1, 12-6-1982)
E. Corporations holding licenses shall submit written notice to the city clerk of any change in operating officers at least thirty (30) days prior to the effective date of such change. The written notice shall designate the new operating officer and shall contain all of the information about said person as is required of a single applicant. The new operating officers shall be subject to the investigation required by section 3-1-6-1 of this chapter. Investigation fees shall be as determined by the city council pursuant to subsection 3-1-7-1C of this chapter.
F. The designation of a new operating officer shall not cause the corporation's license to become invalid before a decision is rendered by the city council, provided proper notice and application are made pursuant to subsection E of this section. A proposed new operating officer shall be referred to as the interim operating officer. In the event an interim operating officer is rejected by the city council, the corporation shall designate another interim operating officer and make the required application within fifteen (15) calendar days of the council's decision. In that event, a corporation shall be limited to two (2) successive interim operating officers. (Ord. 852, secs. 1, 2, 1-5-2009)