2-2-5: INITIAL LICENSE FEES:
   A.   Fees:
      1.   The first and initial license fee for new licenses applied for between May 1 and October 31 of any year shall be in an amount equal to the annual fee described in Section 2-2-12 of this Chapter plus a nonrefundable fee of two hundred dollars ($200.00) to defray the costs of investigation of the applicant, as provided for and pursuant to the provisions of this Section, payable in one installment.
      2.   The first and initial license fee for new licenses applied for between November 1 and April 30 of any year shall be in an amount equal to one-half (1/2) the annual fee plus the nonrefundable fee of two hundred dollars ($200.00) to defray the costs of investigation of the applicant, as provided for and pursuant to the provisions of this Section, payable in one installment.
   B.   Transfer, Assignment or Sale: Any sale, transfer or assignment of more than fifty percent (50%) of the shares of a corporation shall terminate said license for the purpose of payment of a fee for a first and initial license.
   C.   Bankruptcy or Insolvency: Any bankruptcy, insolvency of a license or any sale, transfer or assignment of any copartner, copartnership or copartnership interest in a license held by a copartnership shall terminate said license for the purpose of payment of a fee for a first and initial license.
   D.   Disposition of Fees: All such fees shall be paid to the Village Treasurer at the time application is made. In the event the license applied for is denied, the fee shall be returned to the applicant, except for the nonrefundable fee set forth in subsection A of this Section. If the license is granted, then the fee shall be deposited as set forth above and no portion thereof shall be refunded. (Ord. 92-16, 8-10-92)