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$2,000.00, for each violation upon a finding that the licensee <br />has failed to comply with any applicable statute, regulation, or <br />ordinance relating to alcoholic beverages. Except in cases of <br />failure of financial responsibility, no suspension or revocation <br />shall take effect until the licensee has been afforded an <br />opportunity for a hearing. The lapse of required dram shop <br />insurance or bond, or withdrawal of a required deposit of cash <br />or security, shall effect an immediate suspension of any license <br />issued pursuant to this ordinance without further action of the <br />City Council. Notice of cancellation, lapse of a current liquor <br />liability policy or bond, or withdrawal of deposited cash or <br />securities shall constitute notice to a licensee of the <br />impending suspension of the license. Any suspension under this <br />chapter shall continue until the City Council determines that <br />the financial responsibility requirements of this chapter have <br />met. <br />Section 3. <br />Chapter 703 of the Municipal Code of the City of Little <br />Canada is hereby amended to read as follows: <br />703. INTOXICATING LIQUOR <br />703.010. LICENSE REQUIRED. It shall be unlawful for any <br />person, firm or corporation to keep or operate an on -sale or <br />off -sale of intoxicating liquor establishment within the limits <br />of the City without first having obtained a license to do so as <br />hereinafter provided. <br />703.020. TYPES OF LICENSES. There shall be four (4) types <br />of licenses issued for the sale of intoxicating liquor, namely: <br />(a) On -Sale restaurant licenses shall permit the licensee <br />to sell intoxicating liquor for consumption on the <br />premises in conjunction with the consumption of food. <br />(b) On -Sale intoxicating liquor license shall permit the <br />sale of intoxicating or nonintoxicating liquor in <br />conjunction with dancing, singing, or vaudeville <br />performances or entertainment for its guests. <br />(c) Off -Sale intoxicating liquor license shall permit the <br />licensee to sell intoxicating liquor in original <br />packages for consumption off the premises only. <br />(d) Temporary on -sale intoxicating liquor licenses shall <br />permit the licensee to sell intoxicating liquor for a <br />period of no more than three (3) consecutive days. <br />-9- <br />Page 66 <br />