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City of Arden Hills Chapter 5 Alcoholic Beverages <br />licensee for transfer of stock in the corporation, provided that na tran�fer fee s�ali be charged if <br />the transfer is the first within the period of the license or the stock sought to be transferred does <br />not canstitute fifty (50%) percenti or �nore of the outstanding common stock ofthe corporatian. <br />It is hereby made the duty of the of�cers of any corporation holdi�g sach a lice�se to notify the <br />Council of any proposed sale or transfer of any stock that result in another persort holding ten <br />or more percent interest in the corporation. The transfer of any such stoc[� without the <br />knowledge and cansent of the Council shaIl be deemed sufficient cause for revocatian by the <br />Council of any license granted to the corporation under authority oF this subsection. The <br />corpora#e officers shall also notify the Council whenever any cl�ange is made in the officers of <br />any such corporation, and failure to notify Council shaIl be suffcient canse �or revocation of <br />any liquor license granted to the corporation. <br />500.15 Display. The license issued under the provisions of this section shal! be posted in a <br />conspicuous place an tl�e lice�sed premises at all fimes. <br />500.15 Hours of �ale. <br />Subd.1 On-Sale Into�icating Liquor. No sale of intoxicating liquor for consumption on <br />the Iicenscd Premises may be made: <br />A. Between 2:00 a.rn. and $.00 a.m, on Monday t�rough Satarday; or <br />B. After 2:aa �.m, on Sunday unless the licensee has also been issued a <br />Sunday on-sale liquor license. <br />5-14 <br />Revised August 31, 2449 <br />