The following words shall have the meanings ascribed unless the context clearly indicates a different meaning:
(a) "Defunct business" means any business or branch store thereof which has termi nated business at a particular location.
(b) "Liquidation sale" means any sale in which the seller represents, either directly or indirectly, that any or all of the goods, wares or merchandise offered for sale are all or part of the former stock in trade of a defunct business which was theretofore conducted on the premises on which the sale is held. Without limiting the generality of the foregoing, "liquidation sale" includes any sale in connection with which the seller represents that he is liquidating all or part of the stock in trade of a business previously conducted on the premises on which the sale is being held.
(Ord. 17-59. Passed 3-9-59.)
(Ord. 17-59. Passed 3-9-59.)
"Liquidation sale", includes and means any closing-out sale, which is hereby defined as any offer to sell to the public or the sale to the public of goods, wares or merchandise upon the implied or direct holding out or representation that such sale is in anticipation of the ceasing, discontinuance and termination of a business at its present location.
(Ord. 17-59. Passed 3-9-59; Ord. 48-60. Passed 7-11-60.)