For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
CLOSING-OUT SALE. Means and includes any sale of goods, wares, and merchandise which is, or is advertised to be, a sale for the purpose of disposing of the stock of merchandise on hand, or any major portion thereof, in contemplation of discontinuing the operation or maintenance of the store or place of business of the seller or the removal thereof to another location, or any sale which is advertised or held out as being a sale under bankruptcy, mortgage, insolvency, or an assignee's, trustee's, or creditor's sale.
FIRE, BANKRUPT, or WRECK SALE. Means and includes the sale of goods, wares, or merchandise salvaged from a fire, wreck, or other calamity, or a sale of goods, wares, or merchandise advertised as a fire, bankrupt, or wreck sale.
('65 Code, § 5-7.01) (Ord. 657, passed - - )