Any licensee may renew his license at the expiration thereof, provided that he is then qualified to receive a license and the premises for which the renewal license is sought are suitable for the purpose; provided further, that the renewal privilege herein provided for shall not be construed as a vested right which shall in any case prevent the President from decreasing the number of licenses to be issued within his jurisdiction.
(1968 Code § 46.11) (Ord. 57-0-17, passed 8-14-1959)