CHAPTER 17
FRAUDULENT SALES

SECTION:

3-17-1: Purpose

3-17-2: Definitions

3-17-3: License Required; Fee

3-17-4: Transfer

3-17-5: Application For License

3-17-6: Duration Of License

3-17-7: Posting; Advertisements

3-17-8: Certain Purchases Prohibited

3-17-9: Revocation Of License

3-17-10: Penalty; Enforcement

3-17-1: PURPOSE:

The provisions of this chapter are intended to provide compliance with "the fraudulent sales act", 815 Illinois Compiled Statutes 350/0.01 et seq., as amended. The provisions of the act are incorporated herein by reference. (Ord. 99-3113, 5-17-1999)

3-17-2: DEFINITIONS:

Unless the context or subject matter otherwise requires, the words and phrases herein shall have the meanings respectfully ascribed to them:

GOING OUT OF BUSINESS SALE: Any sale, whether described by such name or by any other name (such as, but not limited to, "closing out sale", "liquidation sale", "lost our lease sale", "forced to vacate sale"), held in such a manner as to induce a belief that upon disposal of the stock of goods on hand, the business will cease and be discontinued at the premises where the sale is conducted.

GOODS: Includes all goods, wares, merchandise and other personal property, excepting legal claims and cash.

PERSON: Includes a person, firm, corporation, partnership, association or two (2) or more persons having a joint or common interest.

REMOVAL SALE: Any sale held in such a manner as to induce a belief that upon disposal of the stock of goods on hand, the business will cease and be discontinued at the premises where the sale is conducted, and thereafter will be moved to and occupy another location. (Ord. 99-3113, 5-17-1999)