(A) Any person desiring to secure a going-out-of-business-sale license shall make application therefor to the Mayor or his or her representative. The application shall state the name and address of the applicant and shall specify the period of time during which the sale will continue, which shall not exceed 3 months, except as hereinafter provided, and shall have attached thereto an inventory which shall contain:
(1) A listing of all goods which have been in stock for a period of 15 days or longer prior to the application for the license, together with the wholesale price thereof;
(2) A listing of all goods received in stock within 15 days immediately preceding the application for the license, together with the wholesale price thereof;
(3) A listing of all goods which have been ordered and will be placed in stock during the pendency of the sale, together with the wholesale price thereof.
(B) The application shall indicate the method by which the applicant for the license acquired title to the goods and the reason for the urgent and expeditious disposal thereof. The inventory or listing shall be signed by the person seeking the license and shall be accompanied by an oath of the applicant that the statements contained in the application are true and correct.
(1981 Code, § 114.03) (Ord. 1780, passed 8-14-1939) Penalty, see § 113.99