Same—Application; inventory of stock

(a)

Any person desiring a license to conduct any sale of the type defined in section 32-26 shall make a written application in a form approved by the director of finance and verified by the person or, if a corporation, an officer thereof who intends to conduct the sale. Such application shall contain a description of the place where such sale is to be held, the nature of the occupancy, whether by lease or sublease, and the effective date of termination of such occupancy, the means to be employed in publishing such sale, together with the proposed language to be contained in any advertisements.

(b)

Such application shall further contain, as part thereof, an inventory containing a complete and accurate list of the stock of goods, wares and merchandise upon the premises to be sold at such sale. Such verified application shall include the names and addresses of the persons, such as the partners, officers and directors, and the principal stockholders and owners of the business and the inventoried merchandise.

(c)

The mentioned inventory shall contain the cost price of the respective articles enumerated therein, together with the date of such purchase and the identity of the seller. If the goods, wares and merchandise were purchased by the applicant or the person for whom he/she is acting as agent for a lump sum, or if there are other circumstances that make the listing of the cost price for each article impracticable, such inventory shall state the lump sum paid for such goods, wares and merchandise, and the circumstances of the purchase of the same.

(d)

The application shall further state the effective date of the beginning of such sale.

(Code 1967, § 31-11; Code 1980, § 32-31; Ord. No. 13676, § 2, 4-27-17)