No license issued pursuant to this chapter 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 ten dollars ($10.00) have the license amended to authorize the transacting and carrying on of such business under such license at some other location to which the business is to be moved; provided, further, that transfer 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 section. For the purpose of this section, stockbroker, bondholders, partnerships, or other persons holding an interest in a corporation or another entity herein defined to be a person, are regarded as having the real or ultimate ownership of such corporation or other entity. Any change in ownership of a business shall require that the new owner file an application, and upon approval by the city, he/she shall pay the applicable business license fee, which may be prorated to no less than six (6) months fees for the appropriate classification. The transferor shall not be entitled to a refund of any amount of the unexpired license tax fee. (Ord. 1354, 4-10-1984)