The inhibitions contained in this Chapter shall not apply to sales made at public auction of the stock on hand of any person that shall for the period of one year next preceding such sale have been continually in business in the City as a retail or wholesale merchant of gold, silver, plated wear, precious stones, semi-precious stones, watches, clocks or other jewelry; provided that before any auction sales may be conducted under the exceptions contained in this Section, such person desiring to conduct the same must first obtain a permit from the City, which permit shall be applied for and issued in the following manner: Said applicant shall not less than fifteen (15) nor more than thirty (30) days previous to conducting such sale make a written application therefor under oath to the Council specifying the name and address of the applicant, the location and purpose of the sale and its expected duration, and itemizing in detail the quality, quantity or grade of each item of goods, wares and articles desired to be sold, the wholesale market value thereof and the name of the auctioneer who shall conduct the sale; such application shall then be investigated by the Chief of Police or such officials as may be designated by the Council and a report made thereon by such officials to the Council as to the character of the applicant and the auctioneer, as well as the bona fide nature of the proposed sale, and whether the place where it is proposed to carry on such sale is a proper place. The Council must be furnished also with satisfactory evidence that the jewelry proposed to be sold is in fact a part of the applicant's stock in trade, and not secured, purchased or brought into said place of business for or in anticipation of said sale. In the event such application be granted the auction sales shall be held on successive days, Sundays and holidays excepted, and shall not continue for more than thirty (30) days from the commencement of the sale and shall be permitted only in cases where applicant is in fact and in good faith disposing of his stock for the purpose of retiring from business and such auction sales shall be conducted during the daytime only and between the hours of eight o'clock (8:00) A.M. and six o'clock (6:00) P.M. (Ord. 330; 9-17-1951)