Every person, before conducting a fire sale, wreck sale, bankrupt sale, closing-out sale, going-out-of-business sale or similar sale shall, no less than seventy-two hours before the beginning thereof, file in the office of the Mayor an inventory of any and all articles intended to be sold or offered for sale at such sale. Such inventory shall contain or have attached thereto a sworn statement that the articles contained on such inventory constitute the actual stock in trade of the person at the premises where such person has been doing business, that such articles have been owned by such person in doing business at such location for at least one month immediately preceding such sale, and that such articles were not acquired or brought to the location of such sale especially or purposely for such sale. Upon filing of such verified inventory and upon the Mayor's being satisfied that the sale is bona fide as represented and the inventory filed is true and correct, the Mayor shall issue a license for such sale.
(1963 Code §725.02)