Any person desiring to conduct a distress merchandise sale shall make written application to the city treasurer at least 5 days prior to the date on which the sale is to commence, on forms furnished by the city treasurer and verified by the applicant before a person authorized to administer oaths. In cases where, due to circumstances beyond the control of the applicant, other than economic reverses, application cannot be made 5 days prior to commencement of the sale, the city treasurer shall waive the 5-day requirement. Each application shall contain the following information, and such other information as the city treasurer may deem necessary.
(A) The name and address of the owner of the goods, wares, or merchandise to be sold.
(B) A description of the place where the sale is to be held.
(C) The nature of the occupancy of the place where the sale is to be held, whether by lease or otherwise, and the effective date of termination of such occupancy.
(D) A full and complete statement of the facts regarding the distress merchandise sale, including the reason why the sale is being conducted, the manner in which the sale shall be conducted, and the commencement and termination date of the sale.
(E) A complete and detailed inventory of the goods, wares, and merchandise to be offered at the sale as disclosed by the applicant's record; or a statement of both the cost and retail value of the inventory of goods, wares, and merchandise to be offered at the sale, based on the physical inventory used for applicant's most recent federal income tax return adjusted for sales, purchases, and markdowns. Adjustments for sales, purchases, and markdowns shall be shown on a monthly basis to date of application. In addition, there shall be shown as separate items in either form of inventory the retail value of all goods, wares, and merchandise the applicant has on consignment which will be offered for sale and the cost and retail value of all goods, wares, and merchandise on back order.
('73 Code, § 110.22) Penalty, see § 110.99 (F)