For the purpose of this chapter, the following terms, phrases,
words and their derivations shall have the meanings given herein:
GOING-OUT-OF-BUSINESS SALE
A sale held out, advertised, displayed or in any way communicated
to the public in such manner as to reasonably cause the public to
believe that, upon the disposal of the stock or goods on hand, the
business will cease and be discontinued.
GOODS
Include any goods, wares, merchandise or other property capable
of being the object of a sale regulated hereunder.
PERSON
Any person, firm, partnership, corporation, company, organization
or entity of any kind.
A license issued by the Township Clerk bearing a license number
and the date on which the license was issued shall be obtained by
any person before selling or offering to sell any goods at a sale
to be advertised, displayed or in any way communicated to the public
by any means as a going-out-of-business sale or a lost-our-lease sale.
The license must be displayed on the premises, and the license number
must be included in all advertising.
A licensee hereunder shall:
A. Adherence to inventory. Make no additions whatsoever during the period
of the licensed sale to the stock of goods, except for goods which
are in transit, under contract for the location in question or which
are in storage at a warehouse if purchased before application for
license.
B. Advertisement of property. Refrain from employing any untrue, deceptive
or misleading advertising and in any advertisement by handbills, circulars,
placards, signs, notices, newspapers or publication or other advertising,
including therein the number and date of the license issued by the
Township Clerk.
C. Adherence to advertising. Conduct the licensed sale in strict conformity
with any advertising or holding out incident thereto.
D. Segregation of nonsale goods. Keep any other goods separate and apart
from the goods for sale and make such distinction clear to the public.
E. Cessation of business at conclusion of sale. The licensee shall not
continue the business beyond the date specified for such sale and
shall not, upon conclusion of such sale, continue the business under
the same name or under a different name in the same location or elsewhere
in the Township of East Brunswick.