A. Every license issued under this chapter shall be signed by the mayor, countersigned by the city clerk, and shall bear the seal of the city; and shall set forth the name of the person to whom issued, the location by street and number, or other definite designation of the premises, and such other information as the city council shall deem necessary. If issued to a partnership, the names of the persons constituting such partnership, as silent or active partners, shall be set forth. If issued to a corporation or association, the names of the principal officers and the governing board shall be set forth. Such license shall be signed by the licensee. Every license issued under the provisions of this chapter is separate and distinct and no person except the licensee therein named, except as hereinafter provided, shall exercise any of the privileges granted thereunder. All licenses shall expire at one o'clock (1:00) A.M. on January 1 of the calendar year following the year for which issued. No person shall be granted more than one license for any one year; and no partnership, association or corporation holding a license under this chapter shall have as a member, officer or stockholder any person who has any financial interest of any kind in, or is a member of, another partnership or association or an officer of another corporation holding a license in the city for the same year; provided, however, that this section shall not prevent any person who owns two (2) or more buildings on connected property in the city from making application for and receiving licenses permitting the sale of liquor by the drink in each such building. Every licensee shall at all times keep posted in a conspicuous place on the licensed premises the license issued by the city.
B. Application to transfer any license issued pursuant to this chapter shall be made to the city clerk. Upon receipt of such application, the same procedures shall be had as in the case of an original application for license except for the payment of license fee; and if it is determined that all of the conditions of this chapter are met and complied with by the proposed transferee, then the license shall be endorsed over to the proposed transferee by said licensee for the remainder of the period for which such license has been issued, and the city clerk shall note the approval thereof by the city council upon such license. (Ord. 534, 12-19-1972)