(a) There is a Class B beer and wine license.
(b) The license authorizes the license holder to sell beer and wine at a hotel or restaurant, at retail, at the place described in the license, for on– and off–premises consumption.
(c) (1) This subsection does not apply to a present license holder having the license before December 31, 1966.
(2) The area of the licensed premises normally used as a restaurant for the preparation and consumption of food and beverages may not occupy less than 80% of the square footage of the premises.
(d) The annual license fee is $300.