During any auction sale, additions to the stock of merchandise set forth in the inventory referred to in the preceding section, not exceeding 5% of the value of goods described in such inventory, may be made. Additions greater than 5% but not exceeding 25% may be made, provided that the licensee files a sworn statement with the Village Clerk, at least 10 .days prior to the starting day of said auction, giving a complete inventory of the additional goods with the same information with reference thereto as is required by §
40-1C above.
No one auction sale shall continue for more than 30 days from the day of the beginning of the sale unless a new license is obtained in accordance with §
40-1. No auction sale shall beheld before 10:00 a.m. or after 10:00 p.m.
The preceding sections of this chapter shall not apply to auction sales
of the household goods or furnishings of a bona fide householder conducted
not more frequently than two days per year, private auction sales, legal or
judicial sales under and by virtue of any law of the State of New York or
subdivisions thereof or any law of the United States or to sales by a personal
representative of deceased or incompetent persons or guardians of minors.
The Mayor may waive the license requirement in the case of auctions
held by religious, civic or philanthropic organizations located in the Village,
or student groups pursuant to a school-sanctioned, class-sponsored fund-raising
program.
No person conducting an auction sale shall misrepresent the quality,
kind or value of any articles at such auction sale. No person shall auction
any personal property falsely representing that such personal property is
in whole or in part bankrupt or insolvent stock or damaged goods or goods
saved from fire or make any false statements as to the purchase, history or
character of such personal property. No licensee hereunder shall employ or
hire a person or accomplice to bid up the price or to make mock bids at any
auction.