§ 112.04 LICENSE FEE.

   The fee for a license issued pursuant to this chapter shall be $25 or 0.25% of the cost inventory value of the goods, wares and merchandise to be sold, at such sale, whichever is the greatest amount.

(1997 Code, § 112.04)  (Ord. 403, passed 6-6-1961)  Penalty, see § 112.99

§ 112.05 BOND REQUIRED.

   No license shall be issued for a distress merchandise sale unless there is filed with the Fiscal Officer a bond conditioned upon the faithful observance of all the provisions of this chapter and the indemnifying of any purchaser at such sale who suffers any loss by reason of any misrepresentation made in connection with such sale, and authorizing actions thereunder by the village for the violation of any provision of this chapter, and by any purchaser at such sale for damage or loss suffered by him or her by reason of any misrepresentation made in connection with such sale. The amount of the bond shall be determined as follows: 10% of the first $100,000 of the inventory cost of all the goods, wares and merchandise to be offered at sale; 5% on the next $400,000 and 2% on the balance. The bond shall be approved as to form by the Solicitor and as to sufficiency by the Fiscal Officer.

(1997 Code, § 112.05)  (Ord. 403, passed 6-6-1961)

§ 112.06 INVESTIGATION OF APPLICATION; EXAMINERS.

   (A)   Upon receipt of any application, the Fiscal Officer shall cause such investigation as is deemed necessary to be made of the facts contained therein. No license shall be issued if any one or more of the following facts or circumstances are found to exist:

      (1)   That the applicant was granted more than one license hereunder for a going-out-of-business sale within two years preceding the date of the filing of the application;

      (2)   That the applicant has heretofore been convicted of violation of this chapter or has had a license issued to him or her pursuant to this chapter revoked within a five-year period immediately preceding the date of the filing of the application;

      (3)   That the inventory includes goods, wares or merchandise purchased by the applicant or added to his or her stock in contemplation of such sale and for the purpose of selling the same at such sale. For the purpose of this division (A), any unusual addition to the stock of such goods, wares and merchandise made within 60 days prior to the filing of such application shall be prima facie evidence that such addition was made in contemplation of such sale and for the purpose of selling the same at such sale;

      (4)   That applicant in the ticketing of the goods, wares and merchandise to be offered has misrepresented the original retail price or value thereof; and

      (5)   That any representation made in the application is false.

   (B)   The Chief of Police shall, from time to time, enter into contracts with competent, qualified persons for the examination of the inventories and records of applicants for licenses. Such persons shall work under the direction and control of the Fiscal Officer and shall make such examination of records and inventories as are specified by the Fiscal Officer and authorized by this chapter. All information obtained by such persons or any village employed officials through applications or examinations made pursuant to this chapter shall be confidential, any disclosure thereof, except where such disclosure is necessary in the administration of the provisions of this chapter shall constitute a misdemeanor punishable as provided in § 112.99.

(1997 Code, § 112.06)  (Ord. 403, passed 6-6-1961)  Penalty, see § 112.99