A. Procedure:
1. Authority To Transfer: Where the transfer is not otherwise prohibited, any person to whom any license shall have been issued may, with the permission of the village president, assign and transfer the same to any other person of approved character and qualifications.
2. Form: Such assignment shall be executed in the form prescribed by the village president.
3. Surrender Of License: The person to whom such license is issued or the assignee of such license, shall surrender such assigned license to the village clerk, and if required to do so by the village president, shall also surrender any license certificate, tags, plates, badges, emblems or other insignia which have been issued to the licensee.
4. Issuance Of New License: A new license shall then be issued for the unexpired term of the old license, authorizing the assignee or transferee of such license to engage in the same business or occupation at such place as may be named in such new license; provided, however, no business or occupation shall be engaged in at any new location until such assignee or transferee shall have complied with the provisions of any section of this title or ordinance relating to the engaging in of such business or occupation at such new location.
5. Bond Requirement: In all cases where a bond is required, the person obtaining such new license shall give a bond with sureties which shall conform as near as may be to the bond upon which such surrendered license was issued.
B. Transfer Limitation: No more than one transfer of ownership shall be allowed on any license. (Ord. 608, 10-8-1986)