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§ 110.42 LICENSE MUST BE OBTAINED TO CONDUCT SALE.
   Upon compliance with the provisions of the foregoing section, the person advertising the stock of merchandise as bankrupt stock and offering it for sale as such shall apply for and obtain license from the proper authorities of the town for the privilege of conducting the sale and shall pay a license tax therefor of $25 per day for the first week of the sale and $50 per day for each and every other day during the continuance of the sale.
(Prior Code, § 112.03)
§ 110.43 SALES AT PUBLIC AUCTION.
   It shall be unlawful for any person, whether principal or agent, who has not engaged in a permanent business for a continuous period of at least 12 months next preceding to sell, dispose of or offer for sale at public auction or cause or permit to be sold, disposed of or offered for sale at public auction any gold, silver, plated ware, precious stones, semi-precious stones, watches, clocks, jewelry, glass, fancy china, artware, novelties, silk or woolen fabrics or furs, whether the same shall be his or her own property or whether he or she sells the same as agents or as employees of another, until the person, by applying to the Town Council, shall comply with each of the following regulations and conditions:
   (A)   Procure a license from the Council by paying, as a license tax, the sum of $100 for each month or fraction thereof that the person may be engaged in conducting the auction sale;
   (B)   File with the Town Manager a complete inventory of all goods, wares and merchandise to be offered at public auction, to be verified under oath;
   (C)   To file with the Town Manager a bond in the sum of $1,000, with good and sufficient surety, for the purpose of guaranteeing a compliance with the applicable terms of this chapter and the faithful performance of any contract made with the customers and purchasers at the auction sale; the bonds to remain in full force and effect for the term of 60 days after the close of the auction sale for the purpose herein provided; and
   (D)   Provided, however, that, this section shall not apply to judicial sales by executors and administrators, receivers or assignees in solvent and bankrupt estates, licensed pawn brokers actually selling and disposing of goods duly and regularly mortgaged or pledged, or sales by mortgages duly authorized by the terms of a bonafide mortgage or pledge.
(Prior Code, § 112.04)
§ 110.44 SALES TO BE HELD ON SUCCESSIVE DAYS.
   Sales at public auction of the stock of any person, whether principal or agent, described in § 110.43 of this chapter shall not be held on other than successive days and shall continue not more than 30 days in all within the period of one fiscal year, Sundays and legal holidays excepted.
(Prior Code, § 112.05)
§ 110.45 SALES TO BE MADE DURING CERTAIN HOURS.
   No person shall sell, dispose of or offer to sell or to dispose of at public auction any of the goods, wares or merchandise set forth in § 110.43 of this chapter between the hours of 6:00 p.m. in the evening and the following morning.
(Prior Code, § 112.06)
§ 110.46 FALSE BIDS PROHIBITED.
   No person at any public auction of the goods, wares and merchandise described in § 110.43 of this chapter, shall act as bidder or what is commonly known as a capper, booster or shiller or offer to make any false bid or falsely pretend to buy any article at the auction sale for the purpose of deceiving the persons attending the sale, nor shall any person conducting the auction sale receive knowingly or permit to be made any false or boosting bids by any booster, by-bidder, shiller or other person bidding for the purpose of boosting the prices on articles sold or offered for sale at the auction sale.
(Prior Code, § 112.07)
§ 110.47 FALSE ADVERTISEMENTS PROHIBITED.
   It shall be unlawful for any person running and conducting a public auction sale of any goods, wares or merchandise, described in § 110.43 of this chapter, to falsely advertise or represent the same to be bankrupt stock or falsely advertise or represent the same as being imported or to falsely represent the same as to brand, trademark, quality, weight or texture.
(Prior Code, § 112.08)
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