ARSD § 64:75:02:05 — Application for future licenses

64:75:02:05. Application
for future licenses. No alcoholic beverage license may be granted to any
corporation unless the application contains, in addition to the requirements of
SDCL 35-2-2.1 and any other information
required by the secretary, an agreement containing the following language :
"This application and any license issued thereon
constitutes a contract between the undersigned corporation and the state of
South Dakota. The undersigned corporation shall comply with all provisions
whatsoever of §§ 64:75:02:01 to 64:75:02:05, inclusive, of the rules of
the secretary of the Department of Revenue. The undersigned expressly agrees
that violations of any of the provisions of chapter 64:75:02, or failure to
comply therewith, whether by the undersigned corporation or by any stockholder
thereof, or by anybody interested in said corporation, constitutes cause for
revocation or suspension of any license issued pursuant to this application or
for refusal to renew such license upon expiration thereof."