AN ACT AUTHORIZING THE TOWN OF TYNGSBOROUGH TO ISSUE AN ADDITIONAL LICENSE FOR THE SALE OF ALL ALCOHOLIC BEVERAGES TO BE DRUNK ON THE PREMISES.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Notwithstanding the provisions of section 17 of chapter 138 of the General Laws, the licensing authority of the town of Tyngsborough may issue to NE Restaurant Company, Inc. a license for the sale of all alcoholic beverages to be drunk on the premises under the provisions of section 12 of said chapter 138. Said license shall be subject to all the provisions of said chapter 138 except for said section 17; provided, however, that said licensing authority shall not approve the transfer of said license within one year after the date of issuance; and provided further, said licensing authority shall not approve the transfer, pledging or issuance of shares of stock of such corporation within one year after the date of issuance of said license.