(A) Hearing and Council approval. After public hearing and with the approval of the Council, an annual license may be transferred to or renewed on different premises on the same basis as the original application, except that no additional annual license fee is required during the term of the annual license. A transferred annual license shall expire on the same date as the original annual license.
(B) Transfer of license by licensee.
(1) The owner of an annual license, or the executor or administrator of the estate of a deceased annual licensee, may, if proceedings are not pending to suspend, revoke, or otherwise penalize the original annual license holder, assign and transfer the annual license by a sale or transfer made in good faith.
(2) A transfer of the annual license shall not require the payment of an additional license fee and upon assignment, following proper application by the proposed licensee and approval of the transfer by the Council, the assignee may exercise the privilege of continuing the business authorized by the annual license.
(Prior Code, § 4-1A-4)