To receive a license to operate an adult entertainment establishment, applicants must meet the following standards:

A. If the applicant is an individual: (1) the applicant must be at least eighteen (18) years of age; (2) the applicant shall not have been convicted of or pleaded nolo contendere to or participated in a diversion agreement after having been charged with a felony or any morals charge as defined herein in any jurisdiction within the last five years immediately preceding the date of the application.

B. If the applicant is a partnership, joint venture, corporation or any other type of organization where two or more persons have a financial interest:

1. All persons having a financial interest in the partnership, joint venture or any other type of organization shall be at least eighteen (18) years of age. Financial interest in a corporation includes any officer or director of the corporation and any stockholder holding more than five percent of the stock of a corporation.

2. No person having a financial interest in the partnership, joint venture, corporation or other type of organization shall have been convicted of or pleaded nolo contendere to, or participated in a diversion program after having been charged with a felony or any morals charge within the immediate five years preceding the date of the application. (Ord. G-819 § 1 (part), 1996)