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0645
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0645
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3/30/2006 11:49:59 AM
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6/27/2005 11:16:16 AM
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<br />in this section includes any pecuniary interest in the ownership, operation, <br />management or profits of a retail liquor establishment, but does not include bona <br />fide loans; bona fide fixed sum rental agreements; bona fide open accounts or other <br />obligations held with or without security arising out of the ordinary and regular <br />course of business of selling or leasing merchandise, fixtures or supplies to such <br />establishment; or an interest of ten (10) per cent or less in any corporation holding a <br />license. A person who receives monies from time to time directly or indirectly from <br />a licensee, in the absence of a bona fide consideration therefor and excluding bona <br />fide gifts or donations, shall be deemed to have a pecuniary interest in such retail <br />license. In determining "bona fide" the reasonable value of the goods or things <br />received as consideration for any payment by the licensee and all other facts <br />reasonably tending to prove or disprove the existence of any purposeful scheme or <br />arrangement to evade the prohibitions of this section shall be considered. <br /> <br />Section 3. <br /> <br />This Ordinance shall take effect on the day following its publication. <br /> <br />Adopted this _ day of <br /> <br />,1998. <br /> <br />Robert Benke, Mayor <br /> <br /> <br />~ <br /> <br />ATTEST: <br /> <br />- <br /> <br />. .~~ <br /> <br />Margaret Eg~J Finance Director/City Clerk <br /> <br />(SEAL) <br /> <br />ClL-149311 <br />NE136-21 <br /> <br />3 <br />
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