No license issued pursuant to the provisions of this chapter shall be in any manner assignable or transferable or authorize any person other than therein mentioned or named to transact or carry on such business, or authorize any other business than is therein mentioned of named to be continued or transacted thereunder, or at any place other than therein mentioned or named; provided, however, that where a license is issued authorizing a person to transact and carry on a business at a particular place, such licensee may, upon application therefor and paying a fee as set by resolution of the Council, have the license amended to authorize the transacting and carrying on of such business under the license at some other location to which the business is, or is to be, moved. When a licensee who conducts a business from a fixed place of business in the city makes a bona fide sale of the business, the license is not transferable and shall expire without refund to the licensee. Notwithstanding the fact that the license is nontransferable, the purchaser of the business applying for a new license shall receive a credit in the prorated amount of business license tax paid by the seller for the unexpired term of the sellers license, which credit shall be applied only to the payment of the new applicants business license tax. The person establishing or taking over the business shall come within the new business provisions as set forth in § 6-1.07 of this chapter.
('61 Code, § 6-1.13) (Ord. 228 N.S., passed - - ; Am. Ord. 709 C.S., passed 9-15-99)