02-09-1987 Council Packet - Laserfiche WebLink

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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 sr-h corporation and the extent of such interest. The list sh;•: , all shareholders and show the number of shares held by each, eit;,rr individually or beneficially for others. It is the duty of each, corporate 1'-censee 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 1.:sense 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 Council has been notified of the change in writing and has approved it by appropriate action. The Council, or any officer of the City desic, ed by it, may at any reasonable time examine the stock trans records and minute books of any corporate licensee in order - 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 _ny license issued upon its determination that a change of ownership of shares in a corporate licensee or any change of ownershio of any interest in the business of any other licensee has actu,':ly resulted in the change of control of the licensed business so as materially to affect the integrity and character of its management and its operation, but no such action shall be taken until after a hearing by the Council on notice to the licensee. Subd. 5. Duplicate Licenses. Duplicates of all original licenses under this Chapter may be issued by the City Clerk without action by the Council, upon licensee's affidavit that the original has be^n lost, and upon payment of a fee of $2,00 for issuance of the duplicate. All duplicate licenses shall be clearly marked DUPLICATE. Subd. 6. Posting. All licensees shall conspicuously post their licenses in their places of business. Subd. 7. Resident Manaqer or Agent. Before an on -sale license is issued under this Chapter to an individual who .is a non-resident of the City, to more than one individual whether or not thr.y are residents of the City, or to a corporation, partnership, or association, the applicant or applicants shall appoint in writing a natural person who !s a resident of the City as its manager or agent. Such resident manager or agent shall, by the terms -)f his written consent, (11 take full responsibility for the conduct of the licensed premises, and, (2) serve as agent for service of notices and other process relating to the license. Such manager or agent must be a person who, by reason of age, character, reputation, and other attributes, could qualify indiviO-ally as a licensee. If such manager or agent ceases to be a resident of the City or ceases to act in such capacity for the licensee without appointment of a successor, the lir_er.se issued pursuant to such appointment shall be subject to revocation or suspension.