HomeMy Public PortalAboutORD14627 BILL NO. 2009-111
SPONSORED BY COUNCILMAN Klindt
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ORDINANCE NO. I " gj
AN ORDINANCE AMENDING THE CODE OF THE CITY OF JEFFERSON, MISSOURI, BY
MAKING PERSONS AND BUSINESSES WHO HAVE THEIR LIQUOR LICENSE REVOKED
INELIGIBLE FOR NEW LICENSES
BE IT ENACTED BY THE COUNCIL OF THE CITY OF JEFFERSON, MISSOURI,AS FOLLOWS:
Section 1. Chapter 4 (Alcoholic Beverages) is hereby amended by the addition of a new
Section 43 (Ineligible for license after revocation) as follows:
Sec.43.Ineligible for license after revocation.
A. Any person,partnership or corporation shall not be qualified for aliquot licenseif such
person,any member of such partnership,or such corporation,or any officer,director,
or any stockholder owning,legally or beneficially,directly or indirectly,ten percent or
more of the stock of such corporation,or other financial interest therein,or ten percent
or more of the interest in the business for which the person,partnership or corporation
is licensed,or any person employed in the business licensed under this Chapter shall
have had a license revoked.
B. The term"financial interest'as used in this section is defined to mean all interest,legal
or beneficial,direct or indirect,in the capital devoted to the licensed enterprise and all
such interest in the net profits of the enterprise,after the payment of reasonable and
necessary operating business expenses and taxes, including interest in dividends,
preferred dividends,interest and profits,directly or indirectly paid as compensation
for,or in consideration of interest in,or for use of,the capital devoted to the enterprise,
or for property or money advanced, loaned or otherwise made available to the
enterprise,except by way of ordinary commercial credit or bona fide bank credit not
in excess of credit customarily granted by banking institutions, whether paid as
dividends,interest or profits,or in the guise of royalties,commissions,salaries,or any
other form whatsoever.
Section 2. This Ordinance shall be in full force and effect from and after the date of its
passage(a��lapproval.
Passed��i�U 1✓! /C/ �D/U AWoved:
JAT:residing Officer yor
APP ED RM:
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City Cler City Counselor
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