§ 58-88. Effect of issuance.

A license shall be issued under this division on the following terms:

(1)

Licensing period. The license shall authorize the sale described in the application for a period of not more than 30 consecutive days, Sundays and legal holidays excluded, following the issuance thereof.

(2)

Renewal procedure. The chief financial officer shall renew a license for one period of time only in addition to the 30 days permitted in the original license and not to exceed 30 consecutive days, Sundays and holidays excluded, when the chief financial officer finds that:

a.

Facts exist justifying the license renewal.

b.

The licensee has filed an application for renewal.

c.

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. For the purpose of this subsection, any application for a license under this division covering any goods previously inventoried as required under this article shall be deemed to be an application for renewal, whether presented by the original applicant or by any other person.

(3)

Nature of sale. The license shall authorize only the type of sale described in the application at the location named therein.

(4)

Saleable goods. The license shall authorize the sale of goods described in the inventory attached to the application.

(5)

Surrender of general licenses. Upon being issued a license under this division for a going out of business sale, the licensee shall surrender to the chief financial officer all other business licenses the licensee may hold at the time applicable to the location and goods covered by the application for a license under this division.

(6)

Transferability. Any license provided for in this division shall not be assigned or transferable.

(Code 1977, § 14-5129)