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<br />No license issued under this ordinance may be transferred without the approval of the <br />Council. Any transfer of stock of a corporate licensee is deemed to be a transfer of the license, <br />and a transfer of stock without prior Council approval is a ground for revocation of the license. <br />An application to transfer a license shall be treated the same as an application' for a new license, <br />and all of the provisions of this code applying to applications for a license shall apply. <br /> <br />7.51.15 Investigation <br /> <br />Subdivision 1. PRELIMINARY BACKGROUND AND FINANCIAL <br />INVESTIGATION. On an initial application for a license, on an application for transfer of a <br />license and, in the sound discretion of the Council that it is in the public interest to do so, on an <br />application for renewal of a license, Ramsey shall conduct a preliminary background and <br />financial investigation of the applicant or it may contract with the Commissioner of Public Safety <br />for the investigation. The applicant shall pay with the application an investigation fee of $500 <br />which shall be in addition to any license fee. If the cost of the preliminary investigation is less <br />than $500, the unused balance shall be returned to the applicant. The results of the preliminary <br />investigation shall be sent to the Commissioner of Public Safety if the application is for an on- <br />sale intoxicating liquor license or an on-sale wine license. <br /> <br />Subd.2. COMPREHENSIVE BACKGROUND AND FINANCIAL INVESTIGATION. <br />If the results of a preliminary investigation warrant, in the sound discretion of the Council, a <br />comprehensive background and financial investigation, the City either conduct the investigation <br />itself or contract with the Commissioner of Public Safety. for the investigation. The investigation <br />fee for this comprehensive background and financial investigation to be paid by the applicant <br />shall be $500, less any amount paid for the initial investigation if the investigation is to be <br />conducted within the state, and $10,000, less any amount paid for the initial investigation, if the <br />investigation is required outside the state. The unused balance of the fee shall be returned to the <br />applicant whether or not the application is denied. The fee shall be paid in advance of any <br />investigation and the amount actually expended on the investigation shall not be refundable in <br />the event the application is denied. The results of the comprehensive investigation shall be sent <br />to the Commissioner of Public Safety if the application is for an on sale intoxicating liquor <br />license or an on sale wine license. <br /> <br />7.51.16 Hearing and Issuance <br /> <br />The Council shall investigate all facts set out in the application and not investigated in the <br />preliminary or comprehensive background and financial investigations. Opportunity shall be <br />given to any person to be heard for or against the granting of the license. After the investigation <br />and hearing, the Council shall in its sound discretion grant or deny the application. No license <br />shall become effective until the proof of financial security has been approved by the <br />Commissioner of Public Safety. <br /> <br />7.51.17 Restrictions on Issuance <br /> <br />Subdivision 1. Each license shall be issued only to the applicant for the premises <br />described in the application. <br /> <br />8 <br />