No license granted under the provisions of this chapter shall be assigned or transferred, except as hereinafter provided, nor shall any such license authorize any person to do business or act under it but the person named therein. Any person to whom any license shall have been issued, may with the permission of the president, assign and transfer the same to any other person, and the person to whom such license is issued or the assignee of such license may have a new license issued for the unexpired term of the old license authorizing the assignee or transferee of such license to carry on the same business or occupation at such place as may be named in such new license; provided, further, that nothing herein contained shall be held to authorize the assignment or transfer of auctioneers' or runners' licenses; such licenses shall be nonassignable and nontransferable. (4-18-1957)