(a) The tax imposed under this division, together with any interest and penalty provided for herein, shall be, until paid, a first lien upon all of the real and tangible personal property of or used by the licensee under lease, title retaining contract, or other contractual arrangement, which lien shall be superior and prior in right to all other liens or claims of whatsoever kind or nature. Said lien may be foreclosed by seizing under distraint warrant issued by the finance director and selling so much of the licensee's real and tangible personal property as may be necessary to discharge the lien.

(b) Any person who takes or acquires any real or tangible personal property of or used by any licensee under lease, title-retaining contract, or other contractual arrangement, by purchase, foreclosure sale, or otherwise, shall take the same subject to the lien created by subsection (a) of this section, and shall be liable for the payment of all delinquent taxes of said licensee to the extent of the value of the property so taken or acquired. (Ord. No. 97-43, § 19, 8-18-1997)