No license issued pursuant to this chapter shall be transferable. Where a license is issued to a person at a particular place, such license may, upon application therefor, and payment of a filing and processing fee in the sum of $5, be amended so as to authorize the transacting and carrying on of such business under said license at a different location. A new license shall be obtained, and the tax required therefor shall be paid where an existing licensed business is sold or transferred.
(`83 Code, § 5.08.040)