Application for license required by this chapter shall be filed with the Director of Finance by the person conducting the closing-out sale at least ten days prior to the commencement thereof. The application for license shall be in writing, signed and verified under oath, by the person who intends to conduct such sale, and each application shall set forth and contain the following information:
(A) Description and street location of the place at which such sale is to be held;
(B) The nature of the occupancy, whether by ownership or lease or sublease and if by lease or sublease, the effective date of termination of such tenancy;
(C) The means to be employed in publishing such sale, together with the proposed contents of such advertising;
(D) The facts in regard to the insolvency, bankruptcy, assignment, receivership or other cause for the dissolution of the business;
(E) An inventory or statement setting forth the quantity and description of all goods, wares and merchandise to be sold at such sale. All goods, wares and merchandise listed upon the inventory or statement shall be so described in detail by lot, number, brand name and other additional detail so that the identity of such goods with the inventory listing may be readily determined. All consignment goods listed upon the inventory or statement shall be so designated. No consignment goods may be included in the sale unless said consigned goods have been in the applicant's possession for at least 30 days prior to the filing of the application as required by this section.
(F) In the event that the sale will be conducted at public auction, the name of the auctioneer who shall conduct the auction sale.
('61 Code, § 12.52) (Ord. 685, passed - - )