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A. The applicant for a permit to conduct a public auction of jewelry shall make application therefor not less than thirty days previous to the intended auction to the city manager of the city, and at the time of such application shall pay a minimum filing fee of twenty-five dollars; provided, that if the net inventory exceeds the sum of five thousand dollars then, in that event the fee is twenty-five dollars plus five dollars for each one thousand dollars or fraction thereof of net inventory exceeding five thousand dollars. Such application shall be in writing on forms provided by the city manager and under oath, showing all the facts in regard to the closing out of applicant’s business, and showing all the facts in regard to conducting the sale at public auction and the place of conducting the same, including an inventory of the goods, wares and merchandise to be sold at said proposed sale, the quality, quantity and grade of each item, the wholesale value thereof, and a statement of the names of the persons from whom the jewelry so to be sold were obtained, the date of the delivery of such jewelry to the person applying for the permit, and the place from which such jewelry was last taken and all details necessary to fully identify by the city manager. Such application shall specify the proposed period of time over which such proposed sales at public auction shall continue, which period shall not exceed thirty days, Sundays and legal holidays excluded; provided, that if it is made to appear upon sworn application to the city manager at any time during said period of thirty days, that all the jewelry described and inventoried in the original application has not been sold, accompanied by a statement or inventory of what remains thereof, a permit supplemental to that provided for may be issued by said city manager upon the same terms and conditions as said original permit, granting authority to continue such sale for a further period of thirty days.

B. Upon receipt of such application, the city manager shall refer the same to the chief of police for investigation and report.

C. After receipt of the report of the chief of police, if the city manager is satisfied that applicant and the person who is to conduct said proposed auction sale are of good moral character, that said proposed auction sale is for the purpose of disposing of applicant’s stock in trade and closing out his business, that the jewelry proposed to be sold at public auction is a bona fide part of applicant’s stock in trade and not secured, purchased or brought into his place of business for or in anticipation of said proposed sale, that neither applicant nor any of its officers, directors or members have violated this chapter, and that the advertising and conducting of such sale will not be injurious to the peace, health, safety or welfare of the people of the city, he may issue a revocable permit to the person, firm or corporation applying for the same to advertise and conduct a sale at public auction, upon the applicant’s filing the bond provided for in Section 5.30.050.

D. The making of any abnormal purchase by the applicant within a period of six months prior to the application for a permit under this chapter shall prima facie be deemed made for the purpose of disposing of the same at such proposed public auction and shall be just cause for denial of the permit.

E. The city manager in considering the application and the attending facts shall exercise a reasonable and sound discretion in granting or denying the permit applied for.

F. The application, permit and filing fee provided for in this section shall be in lieu of the application, permit and filing fee for a closing-out sale provided in Chapter 5.20 or any subsequent ordinance regulating closing-out sales. The holder of a permit under this chapter shall, however, be subject to all other requirements of such ordinance or ordinances as are not in conflict with this chapter. (Prior code § 7.24.030)