Number
131546
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
An ordinance relating to revision of various provisions of the code for purposes of correcting errors, clarifying language and eliminating obsolete provisions.
Sections
81-22.5 rp
81-30 rp
90-7-2 am
100-50-4-e rp
200-24-1.5-d am
200-26-6 am
304-81-4-d-2 rp
Analysis
This ordinance revises various provisions of the code for purposes of revising errors, clarifying language and eliminating obsolete provisions.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. Section 81-22.5 of the code is repealed.
Part 2. Section 81-30 of the code is repealed.
Part 3. Section 90-7-2 of the code is amended to read:
90-7. Restrictions on Corporations.
2. CORPORATE STOCK. Each corporate applicant shall file with its application for a license a statement by its officers showing names and addresses of all persons who individually hold [[10%]] >>20%<< or more of the corporation’s total or voting stock, or proxies for that amount of stock, together with the amount of stock or proxies held by each person. It shall be the duty of the corporation agent to file with the city clerk a statement of the transfer of any stock or proxies, where the effect of the transfer would constitute a change in the stockholders list then on file. Notice to the city clerk shall be given not later than 10 calendar days after any transfer. If this transfer results in any person holding 20% or more of the corporation’s total or voting stock, or proxies for that amount of stock, and that person has not been fingerprinted pursuant to another provision of this chapter, that person shall be fingerprinted. All of the information provided pursuant to this subsection shall be forwarded to the chief of police who shall cause an investigation to be made and who shall report his or her findings to the city clerk. The provisions of this subsection do not apply to hotels, duly organized fraternal ...
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