(A) Any license issued hereunder shall be purely a personal privilege to expire not later than December 31 next after the issuance unless sooner revoked or expired as provided in this chapter, and such license shall not constitute property nor shall it be subject to attachment, garnishment, or execution nor shall it be alienable or transferable, voluntarily or involuntarily, nor shall it be subject to be encumbered or hypothecated. Such license shall not descend by the laws of testate or intestate devolution, but it shall cease and terminate upon the death of the licensee. Such license shall also cease and terminate upon the insolvency or bankruptcy of any licensee; however, the executor or administrator of the estate of any deceased licensee or the trustee of any insolvent or bankrupt licensee, when such estate consists in part of alcoholic liquor, may continue 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 insolvency or bankruptcy until the expiration of such license by no longer than six months after the death, bankruptcy, or insolvency of such licensee.
(B) Any licensee may renew his license within 60 days prior to the expiration thereof provided he is then qualified to receive a license; and provided that the premises for which such renewal license is sought meet all applicable health requirements, contain no building or fire/safety violations or other violations of any applicable laws and ordinances, and otherwise meet with the approval of the Local Liquor Control Commissioner in the lawful exercise of his powers and duties and that the renewal privilege herein provided for shall not be construed as a vested right which shall in any case prevent the Board of Trustees from decreasing or increasing the number of licenses to be issued within the village.
(Ord. 87-09, passed - -87)