(A) Permit, inventory and bond required.
(1) Permit. It shall be unlawful for any person, whether principal or agent, who has not engaged in a permanent business within the corporate limits of the city for a continuous period of at least 12 months next preceding, to sell, dispose of or offer for sale, or to cause or permit to be sold, disposed of or offered for sale in the city, at public auction any jewelry, goods, wares or merchandise without first having obtained a permit therefor; provided, however, that, this section shall not apply to judicial sales or sales by executors and administrators, receivers or assignees in insolvent and bankrupt estates.
(2) Inventory. Every applicant for a permit to conduct a public auction sale shall file with the city a complete inventory, verified under oath, of all goods, wares and merchandise to be offered at the public auction.
(3) Bond. Every applicant for a permit to conduct a public auction sale shall be required to file with the city a bond in the sum of $1,000, with good and sufficient surety, for the purpose of guaranteeing compliance with the terms of this section and applicable provisions of state law and the faithful performance of any contract made with the customers and purchasers at the auction sale; the bond to remain in full force and effect for the term of 60 days after the close of the auction sale.
(Prior Code, § 12-28)
(B) Adding stock to continue sale. It shall be unlawful for any person, buying bankrupt stock or jewelry, to add to the stock for the purpose of continuing an auction sale thereof.
(Prior Code, § 12-29)
(C) Duration of sale. Sales at public auction of the stock of any person shall not be held on other than successive days, Sundays and legal holidays excepted, and shall continue not more than 30 days in all, within the period of one fiscal year.
(Prior Code, § 12-30)
(D) Closing hours. No person shall sell, dispose of or offer to sell or dispose of at public auction any of the goods, wares or merchandise set forth in division (A) above between the hours of 6:00 p.m. and 9:00 a.m. the following morning.
(Prior Code, § 12-31)
(E) Bidding regulated. No person at any public auction of goods, wares and merchandise shall act as bidder, or what is commonly known as “capper”, “booster” or “shiller”, or offer to make any false bid, or falsely pretend to buy any article offered at the auction for the purpose of deceiving the persons attending the sale, nor shall any person conducting the sale receive knowingly, or permit to be made, any false or “boosting” bids by a “booster”, “by-bidder”, “shiller” or other person bidding for the purpose of boosting the price of articles sold, or offered for sale, at the auction sale.
(Prior Code, § 12-32)
Penalty, see § 110.99
Statutory reference:
Auctions and auctioneers, see G.S. §§ 85B-1 et seq.