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Subd. 3. Subdivision 1 does not apply to 3.2 percent malt liquor licensees who by affidavit <br />establish that: <br />a. They are on -sale 3.2 percent malt liquor licensees with sales of less than $25,000 of <br />3.2 percent malt liquor for the preceding year; or <br />b. They are off -sale 3.2 percent malt liquor licensees with sales of less than $50,000 of <br />3.2 percent malt liquor for the preceding year; <br />Subd. 2 4. Approval by Council: The proof of financial responsibility under subdivision 1 <br />hereof shall be approved by the Council and, when required, by the Commissioner of <br />Public Safety. The Municipal C Attorney shall approve the form of the financial <br />responsibility. <br />Subd. 3- 5. Revocation of License: The operation of such off -sale or on -sale 3.2 percent malt <br />liquor business without having proof of financial responsibility on file, at all times, <br />with the Municipality City, if required by this Section, <br />shall be grounds for immediate revocation of the license. Notice of cancellation of a <br />current liquor liability policy shall serve as notice of the impending revocation of the <br />license. (1988 Code §101 .04) <br />503.08: INVESTIGATION OF APPLICATION; HEARING; ISSUANCE OR <br />DENIAL: The Council shall investigate all facts set out in the 3.2 percent malt liquor license <br />application. No issuance of a new license, transfer of an existing license, renewal of an <br />existing license, issuance of a temporary special event or festival in the park 3.2 percent malt <br />liquor license or special outdoor consumption endorsement for the sale of 3.2 percent malt <br />liquor on -sale or off -sale shall be hereafter granted by the Council until a public hearing has <br />been conducted by the Council after published notice in the official newspaper at least ten (10) <br />days in advance of the hearing. After such investigation and hearing, the Council shall grant or <br />refuse the application, in its discretion. (1988 Code §101.05) (Ord. 771, 4- 24 -06) <br />503.09: CONDUCT OF BUSINESS; CONDITIONS OF LICENSE: <br />Subd. 1. Transferability of License: Each license shall be issued to the applicant only and <br />shall not be transferrable to another holder. Each license shall be issued only for the <br />premises described in the application. No license may be transferred to another place <br />without the approval of the Council. (1988 Code §101.05) <br />Subd. 2. Compliance with Laws: Every license shall be granted subject to the conditions in <br />the following subdivisions and all other provisions of this Chapter and of any other <br />applicable Chapter of this Code or State law' <br />M.S.A. §3401.101 et seq. <br />Page 26 <br />