(A) A license shall be required to conduct a closing out sale, the license fee to be determined by the length of sale, not to exceed 60 days. Every person conducting such a closing out sale must file with the Department of Financial Services an inventory containing a complete and accurate list of the stock of goods, wares and merchandise on hand to be sold at such sale. The inventory shall contain the cost price of the respective articles enumerated.
(B) The period of time during which a closing-out sale may be conducted shall not exceed 60 days, after which time the city license shall be invalid.
(C) Any person taking over bankruptcy stock for the purpose of conducting a closing-out sale shall be required to obtain a city license based on the length of sale, not to exceed 60 days.
(D) After once filing notice with the Department of Financial Services of intent to conduct a closing out sale and following the 60-day time during which the sale may be conducted, no such person shall reengage in the same business at the same location.
('72 Code, § 19-40) (Ord. O-72-117, passed 6-28-72; Am. Ord. O-2007-07, passed 4-18-07)
(E) No person shall engage in, manage or conduct at retail, within the city, any sale of goods, wares or merchandise, under the circumstances stated in this chapter without having first obtained a license to conduct such sale, to be known as a “Closing out sale license.” Every person is hereby required to obtain such license before such person shall at retail conduct a sale or advertise for sale any goods, wares or merchandise of a bankrupt, insolvent, assignee, liquidator, adjuster, administrator, trustee, executor, receiver, wholesaler, jobber, manufacturer or any business that is in liquidation, that is closing out, closing or disposing of its stock or a particular part or department thereof, that has lost its lease or has been or is being forced out of business, that is disposing of stock on hand because of damage by fire, water, smoke or other cause or that for any reason is forced by circumstances to dispose of stock on hand. Every person is hereby required to obtain such license before such person shall conduct a sale of or advertise goods, wares and merchandise for sale, of such advertisement or representation, express or implied, tends to lead people of the city to believe that such sale is a selling out or closing out of the business conducting the sale.
('72 Code, § 19-68) (Ord. 2130-A, passed - - )
Penalty, see § 10.99