5.04.360   Effect upon existing licenses.
   It is the intent of this chapter that all licenses in force at the time of enactment of the ordinance codified in this chapter shall remain valid for the full term thereof, subject to the following conditions:
   A.   Each licensee holding such a license shall, within a period of one hundred eighty (180) days following the enactment of the ordinance codified in this chapter, execute a license agreement binding the licensee to conform to all provisions, requirements, and obligations of this chapter.
   B.   The license shall become valid immediately upon execution of the license agreement.
(Ord 1997-17 § 3, 1997; Prior code § 19.12.040)