As used in this chapter, the following terms shall have the meanings indicated:
Any place where junk material is stored for purchase of the same; or the keeping of used automobiles not for the purpose of resale or repair; or any business or place of storage or deposit, whether in connection with another business or not, which displays or in upon which there is displayed to the public new, two (2) or more motor vehicles which are unfit for reconditioning for use as transportation, or used parts of motor vehicles or old iron, metal, glass, paper, cordage or other waste or discarded material which has been a part of any motor vehicle, the sum of which parts or material shall equal in bulk two (2) or more motor vehicles.[1]