The fee for licenses issued pursuant to this chapter shall be $50 or .5% of the cost inventory value of the goods, wares, and merchandise to be sold at said sale, whichever is the greater amount; provided no fee shall be charged for a license in the case of a business holding a distressed merchandise sale as the result of acquisition of the business premises by the city or by any other governmental body, federal, state or local, which is invested with the power of eminent domain. Nothing contained herein shall be interpreted as waiving compliance with all other provisions of this chapter.
('74 Code, § 118.10) (Ord. 616-A, passed 11-6-79)