As used in this Chapter, “going-out-of-business sale” means and includes a removal, loss, termination, loss or expiration of lease, closing out, liquidation, creditor's, damaged goods, forced or distress stock sale, or any other term which shall reasonably lead the public to believe that the owner or offerer of such goods, wares or merchandise, either by choice or necessity, will no longer continue to engage in business at the same location. This section shall not be deemed to apply to any person who sells, offers for sale or announces or advertises for sale goods, wares or merchandise at a reduction in price, when such reduction in price is made in the normal course of business operations, nor to any person executing a process or order of a court of competent jurisdiction, nor to a creditor's sale conducted by a licensed auctioneer which does not exceed one day's duration.
(Ord. 93-1976. Passed 4-19-76.)