CHAPTER 4
AUCTIONS; AUCTIONEERS

SECTION:

3-4-1: Definition

3-4-2: Auctioneer's License

3-4-3: Bond

3-4-4: License Fee

3-4-5: Application, Contents

3-4-6: License Not Transferable

3-4-7: License Restrictions

3-4-8: How Jewelry Sold

3-4-9: Rights Of Purchasers

3-4-10: Sales, Description

3-4-11: False Representations

3-4-12: Deceiving Bidders

3-4-1: DEFINITION:

All sales of property within the city by public outcry to the highest bidder, as well as the public offer of property at a price beyond its value, then lowering the price or increasing the number of articles until someone accepts the property offered as a purchase, shall be held and deemed a selling at auction within the meaning of this chapter. But this chapter shall not apply to nonresident auctioneers selling goods of a nonresident, but such nonresident auctioneers shall be held to be itinerant and transient merchants. (R.O. 1959, Ch. 9, Sec. 12)

3-4-2: AUCTIONEER'S LICENSE:

No sale of goods, chattels, personal or real property, at auction, except sales made under legal process, shall be made except by an auctioneer or other person who shall first have obtained from the clerk a license, and executed a bond to the city as hereinafter provided. (R.O. 1959, Ch. 9, Sec. 1)

3-4-3: BOND:

No person shall receive a license to sell goods at auction in the city until he shall first have executed to the city a bond in the penal sum of five hundred dollars ($500.00), with two (2) or more securities residents of the city, conditioned for the strict observance of the provisions of this code, said bond to be approved by the mayor. (R.O. 1959, Ch. 9, Sec. 3)