The Council may suspend, revoke or impose a civil penalty against any liquor license holder for the violation of any provisions or conditions of the City Code or of state law or federal law regulating intoxicating liquor and shall revoke such license for any willful violation which, under the laws of the state, is grounds for mandatory revocation, and shall revoke for failure to keep the insurance required by this subchapter in full force and effect. Licensee shall be entitled to a hearing in accordance with the law.
('69 Code, § 4.40, Subd. 16) Penalty, see § 10.99