If the sale to be conducted under the license is a going-out-of-business sale or a removal-of-business sale, the inventory shall not include merchandise ordered in contemplation of the conduct of the sale licensed hereunder, and any abnormal purchase or additions to the stock of goods of the applicant within a period of 60 days prior to the date of the application for a license hereunder, or any purchases or additions which shall exceed 50% of the personal property assessed in the name of the applicant on the last completed grand list of the city shall be deemed to be of such character. During the licensed closing-out sale, no additions shall be made to the stock of merchandise set forth in the inventory and nothing shall be offered for sale or sold at the sale which is in addition to that listed in the inventory or which has been acquired on a consignment basis.
(1967 Code, § 3-15) Penalty, see § 10.99