In addition to the minimum licensing qualifications set forth in chapter 1, article A of this title, all individuals licensed under this chapter must also comply with the following requirements and qualifications:
A. Application; Time Limit: Any person desiring to engage in business as an auction house or to conduct an auction, shall make application to the Clerk at least thirty (30) days prior to the opening of such place of business or of such sale.
B. Information Required: All applications for auction licenses shall contain the address of the place where such auction house or auction is to be conducted, the names of the auctioneers, and such other and further pertinent information as the Clerk may require.
C. Additional For Class 2 And Class 3: In case of an application for a license to conduct a Class 2 or Class 3 auction, in addition to the foregoing required application requirements, the applicant shall also furnish to the City Clerk's Office a certified, itemized inventory list of the stock of goods or property to be sold at auction with a description of each item and its identifying marks, if any.
D. Statement For Class 3: All Class 3 auctions applicants shall be required to provide a certified statement that:
1. The applicant is acting in good faith to dispose of his stock for the purpose of retiring from business; and
2. All of the stock which shall be sold at the "closing out sale" governed under this auction class, is in fact a bona fide part of the applicant's stock in trade and was not secured, purchased or brought into his business for or in anticipation of such sale. (1952 Code §§ 5-30-04, 5-30-13, 5-30-14; amd. 2019 Code)