The following definitions shall apply in the interpretation of this
chapter and shall have the meanings indicated:
FIRE AND OTHER ALTERED GOODS SALE
A sale held out in such a manner as to reasonably cause the public
to believe that the sale will offer goods damaged or altered by fire, smoke,
water or other means.
GOING-OUT-OF-BUSINESS SALE
A sale held out in such a manner as to reasonably cause the public
to believe that upon the disposal of the stock of goods on hand the business
will cease and be discontinued, including but not limited to, the following
sales: adjuster's-adjustment, alteration, assignee's, bankrupt,
benefit-of-administrator's, benefit-of-creditors', benefit-of-trustees',
building-coming-down, closing, creditor's-committee, creditor's,
end, executor's, final-days' forced-out-of-business, insolvents',
last-days, lease expires, liquidation, loss-of-lease, mortgage, receiver's,
trustee's, quitting-business.
GOODS
Includes any goods, wares, merchandise or other property capable
of being the object of a sale regulated hereunder.
REMOVAL OF BUSINESS SALE
A sale held out in such a manner as to reasonably cause the public
to believe that the person conducting the sale will cease and discontinue
business at the place of sale upon disposal of the stock of goods on hand
and will then move to and resume business at a new location in the city or
will then continue business from other existing locations in the city.
A license shall be issued on the following terms:
A. Licensing period. The license shall authorize the sale
described in the application for a period of not more than 30 consecutive
days, Sundays and legal holidays excluded.
B. Nature of sale. The license shall authorize only the
one type of sale described in the application at the location named therein.
C. Saleable goods. The license shall authorize only the
sale of goods described in the inventory attached to the application.
D. Surrender of general license. Upon being issued a license
for a going-out-of-business sale, the licensee shall surrender to the City
Clerk all other business licenses he may hold at that time applicable to the
location and goods covered by the application for a license under this section.
E. Nontransferability. Any license herein provided for shall
not be assignable or transferable.