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A. It is unlawful for any person, firm or corporation to sell, offer for sale or advertise for sale at public auction in the city any jewelry as defined in subsection B of Section 5.30.010; provided, however, that any person, firm or corporation who has been engaged in the business of selling such jewelry at retail in the city continuously for a period of not less than one year, may obtain a permit, as provided in Section 5.30.040, to conduct a public auction of such articles for the purpose of disposing of his stock on hand and of closing out his business.

B. Any such person, firm or corporation so obtaining such permit shall be subject to all the regulations and restrictions contained in this chapter. (Prior code § 7.24.020)