From and after the effective date of this section, no adult bookstore shall be operated or maintained in the City of Paris without first obtaining a license to operate issued by the City of Paris Business Office under the following terms and conditions:
A. A license may be issued only for one (1) establishment at a fixed and certain place. Any person, partnership, or corporation which desires to operate more than one (1) adult bookstore must have a license for each.
B. No license or interest in a license may be transferred to any person, partnership, or corporation.
C. Any existing adult bookstore at the time of the passage of this ordinance must submit an application for a license within one hunred twenty (120) days of the effective date of this ordinance. If a license is not issued within such one hundred twenty (120) day period, then such existing adult bookstore shall cease to operate.