Upon the issuance of the license required by this chapter, the party securing the same shall pay a license fee as set forth in Chapter 214 of the Administration Code. Any license so issued shall expire on April 30 next following the date of its issuance, and no license shall be transferred from one ground or land to any other ground or land. No transfer of any license shall be made from one person to another without the consent of Council at an open hearing at one of its regular meetings and by an affirmative vote of a majority of the members elected thereto.
Any transfer so made and permitted shall be endorsed upon the license and bear thereon the signature and seal of the Director of Finance, for which service he or she shall be entitled to collect from the transferee a fee as set forth in Chapter 214 of the Administration Code in each case, which sum so collected shall be credited to the General Fund.