As used in this chapter,
CLOSE-OUT SALE means any sale of goods, wares or merchandise, at retail, within the municipality, that is represented as a bankruptcy, assignee’s, administrator’s, executor’s, receiver’s, creditor’s, liquidation, fire or water damage sale which is represented or advertised to lead the public to believe that the person conducting the sale is closing out the goods, wares or merchandise or any business for less than the current retail price thereof.
(Ord. 1374, passed 7-11-1960)