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Plymouth City Code 1206.14, Subd. B B. Licenses issued to corporations shall be valid only so long as there is no change in the officers or ownership interest of the corporation, as defined in this Chapter, unless such change is approved by the Council. The requirement concerning change in officers does not apply to corporations whose stock is traded on the New York or American Stock Exchanges. C. Licenses issued to associations or partnerships shall be valid only so long as there is no change in the partnership or association, unless such change is approved by the Council. D. Corporations, partnerships, or associations holding licenses shall submit written notice to the City Clerk of any changes described herein on or before 30 days prior to the effective date of any such change. Notwithstanding the definition of "interest" as defined in this Chapter, in the case of a corporation, the licensee shall notify the City Clerk when a person not listed in the application acquires an interest that, when combined with that ofa spouse, parent, brother, sister, or child, exceeds 5 percent and shall give all information about said person as is required of a person pursuant to the provisions of this Chapter. E. Corporations holding licenses shall submit written notice to the City Clerk of any change in Operating Managers prior to the effective date of such change. The written notice shall designate the new Operating Manager. The new Operating Manager shall be subject to the investigation required by this Chapter. (Ord 99-6; 02/16/99; Ord 2000-15, 05/09/2000) F. The designation of a new Operating Manager shall not cause the corporation's license to become invalid before a decision is rendered by the City Manager or hislher designee, provided proper notice and application are made by the applicant. A proposed new Operating Manager shall be referred to as the interim Operating Manager. In the event an interim Operating Manager is rejected by the City Manager or hislher designee, the corporation shall designate another interim Operating Manager and make the required application within 15 days of the City Manager or hislher designee's decision. If the City Manager or hislher designee rejects a proposed Operating Manager, the decision may be appealed to the City Council by filing a written notice of appeal with the City Clerk within ten (10) days after being notified of the rejection. (Ord. 2000-15, 05/09/2000) 1206.15. Ineligible for License. A. State Law. No license shall be granted to or held by any person 1) made ineligible by State law; 2) who is a person under 21 years of age; 3) who is not a citizen of the United States or a resident alien; 4) upon whom it is impractical to conduct a background and financial investigation due to the unavailability of information; 5) who has had a liquor license revoked within five years of the license application, or to any person who at the time of the violation owns any interest, whether as a holder of more than five percent of the capital stock of a corporation licensee, or to a corporation, partnership, association, enterprise, business, or firm in which any such person is in any manner interested; 6) who is not of good moral character and repute;