The stock offered for sale by any person under the designation of "closing out sale," "going out of business sale," "discontinuance of business sale" or "removal sale," or under any other description of like meaning, not involving bankruptcy or insolvency, shall be held to include only the goods, wares, furniture, fixtures, jewelry, merchandise or personal property actually in the stock or place of business of the person conducting the sale, at the opening of the sale.

(Code 1979, § 8-4041)

It shall be unlawful to add to the stock, under the provisions of this division, by shipping in or bringing in goods, wares or merchandise from other sources, unless such replenishment is publicly advertised or clearly indicated as such by items.

(Code 1979, § 8-4042)

Before commencing a sale as described in this division, the person conducting it shall file with the city clerk a complete inventory of the items described in section 11-341 and shall also file with the city clerk a good and sufficient bond for the sum of $1,000.00 guaranteeing compliance with the provisions of this division.

(Code 1979, § 8-4043)

No change of ownership of the goods, wares, furniture, fixtures, jewelry, merchandise or personal property offered in sale as prescribed in this division and no change of ownership of the capital stock of a corporation conducting such a sale shall affect the status of the sale as governed by this division.

(Code 1979, § 8-4044)

Any person advertising by newspapers, radio, posters or otherwise, representing that he is operating, offering or maintaining fire sales, wreck sales, bankrupt sales, closing out or going out of business sales, removal sales and similar businesses, whereby the public is led to believe that they are being offered merchandise at reduced rates on account of fires, wrecks, bankruptcies, or closing out or discontinuance of business, when in fact such sales are not bona fide, but are fakes and frauds, and the advertisements and representations are untrue and false, shall be held to be guilty of a misdemeanor, punishable, upon conviction, in accordance with section 1-5, and each day that such sale or business is conducted in violation of the terms of this section shall constitute a separate offense.

(Code 1979, § 8-4045)

Secs. 11-346--11-360.  Reserved.