The Liquor Licensing Authority has approved in principle a new club on Front street, but with stringent security provisions. Rick Olson, owner of Leaping Lizard Ltd. and manager of Leaping Lizard's Club 40 which is set to open soon at the site of the old Odyssey Nightclub, must produce a health inspector's certificate before their licence to operate is granted. But once open for business, Club 40 must have six security guards on duty at all times, despite promising the Authority they intend to attract "a more mature crowd'' than did the Odyssey. The Authority heard that Police were called to the Odyssey Club 32 times during its two years of operation, a fact which may have influenced the panellists' decision. Mr. Olson owns and operates The Beach bar, one block west on Front Street from Club 40 which is in the Brunswick Building. Acting Senior Magistrate Edward King chaired the meeting and lawyer Richard Horseman represented Mr. Olson. "My clients want to indicate they intend to turn it into an adult club,'' Mr. Horseman told the panel. "They want to make it a 21 and above club, but we are looking into the legality of that. They want a more sophisticated crowd.'' He also suggested the restriction of having six guards "even on a Tuesday in February'' might affect the "bottom line'' of the club. Mr. Horseman added: "It is in their interest to see the business properly run.'' He continued: "You do have it in your power to monitor what's going on. "Nightclubs have operated there since the days of Terry Brannon's Forty Thieves without problems. It's only in recent years we've seen this.'' Insp. Steven Shaw told the Authority the Police Service's only concern was that in the last two years, officers went to 199 Front Street 32 times.