Sec. 7-8. Auction house or auction prohibited in connection with or on premises of wholesale or retail businesses; exception.

No auction house license shall be issued and no such business shall be conducted in any way in connection with or on the same premises as any licensed wholesale or retail merchant's business except when authorized and conducted pursuant to the provisions of sections 7-9 and 7-10 of this article, and section 7-86 of this chapter.

(1953 Code, ch. 5, § 2; Ord. No. 1798, § 1, 1-6-58; Ord. No. 3120, § 7, 4-22-68)

Sec. 7-9. Sales of merchant's stock on hand--Duration; to be bona fide.

Where the stock on hand of a merchant is sold at public auction on the premises of the merchant, no such sale shall be held during the month of December. No such sale shall continue for more than one (1) day, not a Sunday or legal holiday, and shall be permitted only where such merchant is bona fide disposing of his stock for the purpose of retiring from business.

(1953 Code, ch. 5, § 7; Ord. No. 3120, § 8, 4-22-68)

Sec. 7-10. Same--Application.

Any merchant intending to dispose of his stock on hand by sale at public auction must make a sworn written application to the mayor and council at least fifteen (15) days before the intended sale is to begin, specifying under oath the name and address of the applicant, the location and purpose of the sale, and its expected duration, a statement itemizing in detail the quality, quantity, kind or grade of each item of goods, wares and other articles to be sold, with the wholesale market value thereof, together with a declaration that the merchandise or property proposed to be sold at public auction is a bona fide part of the merchant's stock in trade, and not secured, purchased or brought into such place of business for or in anticipation of such sale, and the name of the auctioneer who shall conduct the sale.

(1953 Code, ch. 5, § 8)

Sec. 7-11. "Capping", "boosting", false bidding prohibited.

It shall be unlawful for any person to act, or to employ another to act, as a by-bidder, or what is commonly known as a "capper" or "booster" at any auction sale, or to make or accept any false or misleading bid or to pretend to buy any articles sold or offered for sale at any auction.

(1953 Code, ch. 5, § 9)

Secs. 7-12--7-15. Reserved.

   Editors Note: Sections 7-12--7-15, regulating jewelry auctions, derived from 1953 Code, ch. 5, §§ 10-13, were repealed by § 4 of Ord. No. 7434, adopted June 18, 1990.

Sec. 7-16. Advertising.

Auction advertisements must contain auction house or auctioneer's license number of the party conducting such auction.

(Ord. No. 7434, § 5, 6-18-90)

Secs. 7-17--7-25. Reserved.