726.06 NONISSUANCE OF LICENSE.

   No going-out-of-business sale shall be licensed or permitted for a period of more than thirty days. Such thirty days shall be consecutive except as to Sundays and legal holidays, except that if the licensee within such thirty day period does not sell the quantity of merchandise permitted under Section 726.07 , the licensee may make application for an extension of time in which to hold his going-out-of-business sale. In no event shall any such extension exceed thirty consecutive days, Sundays and legal holidays excepted. In no event shall the licensee be granted any more than one such extension. No license hereunder shall be issued for the sale of stock on hand of any person who shall not for the period of one year next preceding such sale have been continuously engaged in the City in the business of selling such merchandise at wholesale or retail; nor shall a license be issued for the sale or offering for sale at a going-out-of-business sale of stock on hand by any purchaser thereof from a person that shall not for the period of one year next preceding any such purchase have been continuously engaged in and upon the same premises wherein the sale is to be held in the business of selling such merchandise at wholesale or retail. No such license shall under any circumstances be granted to any person within a period of two years after the termination of such going-out-of-business sale by such person held or conducted hereunder. No person who has been convicted of violating any of the provisions relating to going-out-of-business sales shall be granted a license for such sale or sales or be employed in any manner at or in connection with any going-out-of-business sale licensed hereunder for a period of five years after such conviction.
(Ord. 9646/86. Passed 2-26-86.)