§ 535.09. Conditions of license.  


Latest version.
  • A closing-out sale license issued hereunder shall authorize the applicant to conduct a closing-out sale at the location described therein for a period of thirty days. A distressed-merchandise sale license shall authorize the applicant to conduct a distressed-merchandise sale at the location described therein for a period of thirty days. Both such licenses shall be subject to the following conditions:

    (a)

    The sale shall be held only at the place named in the application and only by the licensee for a period of not more than thirty consecutive days (Sundays and legal holidays excluded unless the sale is conducted on such days), which period shall commence not more than ten days after the issuance of the license. If an applicant desires to conduct a sale at more than one location, a separate license must be obtained for each location.

    (b)

    Only the goods described in the inventory filed with the application shall be sold at the sale.

    (c)

    The license issued hereunder shall be prominently displayed throughout the duration of such sale.

    (d)

    The licensee shall keep suitable books during the sale, at the location of the sale, in which shall be made daily entries showing:

    (1)

    The dollar amount of retail sales.

    (2)

    The dollar amount of mark-downs, (without limiting the meaning of the term "mark-down," the difference between retail and wholesale price of goods wholesaled by licensee shall be considered a markdown).

    (3)

    The dollar amount of wholesale sales. Copies of such daily entries shall be sent to the auditor weekly, and all books of the licensee shall be open for inspection by the auditor or his representative during business hours.

(Sec. 13.9; Ord. 391-58.)