05-13-1991 Council Packet - Laserfiche WebLink

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A If., V- ■t; ;r/' t^t'r F- •ip: 'J^,. s 4.02 susr«nsion stated In the City Code or Statute, the following shall also oe grounds for such action: (1) that the licensee suffered or pernitted illegal acts upon licensed premises unrelated to the sale of beet, wine or liquor; (2) that the licensee had knowledge of such illegal acta upon licensed premises, but failed to report the same to police; (3) that the licensee failed or refused to cooperate fully with police in investigating such alleged illegal acts upon licensed premises; or, (4) that the activities of the licensee created a serious danger to public health, safety, or welfare. I. Corporate Applicants and Licensees. A corporate applicant, at the time of application, shall furnish the City with a list of all persons that have an interest in such corporation and the extent of such interest. The list shall naue all shareholders and show the number of shares held by each, either individually or beneficially for others. It is the duty of each corpc-ate licensee to notify the City Clerk of any change in legal ownership, or beneficial Interest in such corporation or in such shares. Any change in the ownership or beneficial interest in the shares entitled to be voted at a meeting of the shareholders of a corporate licensee, which results in the change of voting control of the corporation by the persons owning the shares therein, shall be deemed equivalent to a transfer of the license issued to the corporation, and any such license shall be revoked thirty days after any such change in ownership or beneficial interest of shares unless the Coqncil has been notified of the change in writing and AS approved it by appropriate action. The Council, or any officer ft the City designated by it, may at any reasonable time examine the stock transfer records and minute books of any corporate licensee in order to verify and identify the shareholders, and the Council or its designated officer may examine the business records of any other licensee to the extent necessary to disclose the Interest which persons other than the licensee have in the licensed business. The Council may revoke any license issued upon its determination that a change of ownership of shares in a corporate licensee or any change of ownership of any interest in the busines.o of any other licensee has actually resulted in the control of the licensed business so as materially to affect the integrity and character of its management and its operation, but no such action sk U be taken until after a hearing by the Council on notice to the . '^nsee. SUi^^ i. Duplicate Licenses. Duplicates of all original the duplicate. All duplicate licenses shall be clearly narked DOFLICATB. Subd. 6. Posting. All licensees shall conspicuously post their licenses in their place* ?f business. ORONO CC (4-1-84) • .J.W it.