Mapco Petroleum, Inc. v. Basden

OPINION

DROWOTA, Chief Justice.

Plaintiff-Appellant, Mapco Petroleum, Inc., is a successor in interest to Gasoline Marketers, Inc. The primary issue on appeal is whether a beer permit issued to Gasoline Marketers, Inc. passes to a succeeding corporation by merger?

Gasoline Marketers, Inc. (hereinafter Gasoline Marketers), was issued a beer permit by the Defendants-Appellees, Beer Board of Bolivar, for off-premises consumption on March 23, 1976. On July 6, 1976, the city adopted Ordinance No. 3-25 which allowed the issuance of beer permits to individuals only. On September 14, 1976, Ordinance No.…