A license shall be issued hereunder on the following terms.
(A) Licensing period. The license shall authorize the sale described in the application for a period of not more than 60 consecutive days, Sundays and legal holidays excluded, following the issuance thereof.
(B) Renewal procedure.
(1) The City Council shall renew a license for one period of time only, such period to be in addition to the 60 days permitted in the original license and not to exceed 60 consecutive days, Sundays and holidays excluded, when he or she finds:
(a) That facts exist justifying the license renewal;
(b) That the licensee has filed an application for renewal; and
(c) That the licensee has submitted with the application for renewal a revised inventory showing the items listed on the original inventory remaining unsold and not listing any goods not included in the original application and inventory.
(2) For the purposes of this division (B), any application for a license under the provisions of this subchapter covering any goods previously inventoried as required here under shall be deemed to be an application for renewal, whether presented by the original applicant or by any other person.
(C) Nature of sale. The license shall authorize only the one type of sale described in the application at the location named therein.
(D) Saleable goods. The license shall authorize only the sale of goods described in the application at the location named therein.
(E) Surrender of general license. Upon being issued a license hereunder for a going-out-of-business sale, the licensee shall surrender to the City Council all other business licenses he or she may hold at that time applicable to the location and goods covered by the application for a license under this subchapter.
(F) Non-transferability. Any license herein provided for shall not be assignable or transferable.
(Prior Code, § 7-7-5)