(A) (1) A license issued hereunder shall be purely a personal privilege, valid until midnight of April 30 following its issuance, unless sooner revoked as herein provided, and shall not constitute property, nor shall it be subject to the attachment, garnishment or execution or subject to be encumbered or hypothecated.
(2) Such license shall not descend by the laws of testate or intestate devolution, but it shall cease upon the death of the licensee, provided that executors or administrators of the estate of any deceased licensee, and the trustee of any insolvent or bankrupt licensee, when such estate consist in part of alcoholic liquor, may continue the business of the sale of alcoholic liquor under order of the appropriate court, and may exercise the privileges of the deceased or insolvent or bankrupt licensee after the death of such decedent, or such insolvency or bankruptcy until the expiration of such license but not longer than six months after the death, bankruptcy or insolvency of such licensee.
(3) No refund shall be made of any portion of the licensee fee paid, but in the event the licensee shall be prevented from operating under such license in accordance with the provisions of this subchapter prior to November 1, he shall not be required to pay the second half of the annual fee as provided for herein.
(B) A license may be transferred by a licensee to another party but only if the transferee files a proper application and bond and meets all the requirements for a license as herein set forth. All requests for transfer must be in writing and be approved by the Mayor. The fee for such transfer shall be as in the case of an original application for license.
(Am. Ord. 633, passed 7-7-82)