§ 5.08.100. Ownership of auctioned property.

A.

It is unlawful for any auctioneer or any member of a firm operating a public auction house to bid for or to purchase for his or her own use, for resale or for any other purpose any article the property of another person, firm, or corporation given into their custody to be sold at a public auction sale conducted by said auctioneer or operator of said public auction house.

B.

Any auctioneer or operator of a public auction house as defined and covered by this chapter who has in his or her possession merchandise belonging to him or her, or purchases or buys for or on his or her or its own account new or secondhand merchandise, and who sells the same, or offers for sale the same at a public auction, must, in all notices or advertising of said auction sale, which may be either published, printed or distributed, and likewise prior to the commencement of such auction sale, thoroughly and distinctly state and declare that the property so being sold or offered or advertised for sale belongs to, and is the property of, said auctioneer or public auction house. This information will also be submitted with the verified inventory to the Chief of Police.

(Prior code § 5-9.182)