A. Expiration Of License: All annual licenses shall terminate on March 31 unless otherwise provided herein.
B. Requirements For Valid Transfer Of License: Any person to whom any license may have been issued may, with the written permission of the Village Administrator, assign and transfer the same unless otherwise prohibited by this Code or any other ordinances of the Village, to any other person; provided, that in all cases where a bond is required, the person applying for such license shall furnish a similar bond. Not more than one transfer of any license shall be allowed within any license year.
C. Fee For Transfer: The fee for the transfer of a license shall be twenty five percent of the annual fee originally paid and there shall be no refund made to the transferor for the license fee originally paid.
D. Prohibited Transfers: It shall be unlawful to transfer any license of any peddler, itinerant vendor or canvasser, nor any liquor license (see Title 8, Chapter 5). (Ord. 2668, 2-12-1996)