No license issued pursuant to this article shall be transferable; provided, that where a license is issued authorizing a person to transact and carry on a business at a particular place such licensee may upon application therefor and paying a fee of five dollars have the license amended to authorize the transacting and carrying on of such business under the license at some other location to which the business is or is to be moved; provided further, that transfer, whether by sale or otherwise, to another person under such circumstances that the real or ultimate ownership after the transfer is substantially similar to the ownership existing before the transfer shall not be prohibited by this article. For the purpose of this section, stockholders, bondholders, partnerships, or other persons holding an interest in a corporation or other entity defined in Section 5.08.090 to be a person are regarded as having the real or ultimate ownership of such corporation or other entity. (Ord. 338 § 16, 1975).