3-8A-5: REGULATIONS FOR CONDUCTING AUCTION:

All auctions, as in this article defined, of articles described in section 3-8A-3 of this article, shall be held on successive days, Sundays and legal holidays excepted, and on the dates specified in the application, and in the case of pawnbroker auctions only between August 15 and October 15, and shall not continue for more than thirty (30) consecutive calendar days in all from the commencement of said auction. The applicant must at or before the date of such application file a notarized, true copy of the inventory with the Clerk, and thereafter at all times until fifteen (15) days after the closing date of such auction keep at the place of auction subject to the inspection and copy by the Chief of Police or other persons designated by the Council, an itemized and numbered descriptive inventory of all articles of the character described in section 3-8A-3 of this article to be offered at such auction, and such inventory shall show in connection with each item, if acquired within the previous three (3) months, the date of acquisition by the application, and as to all items forfeited after date hereof, the pawn ticket number therefor, and no other article shall be added to such inventory or offered or sold at such auction; provided, that an article not pledged or pawned and which was theretofore for more than three (3) months a bona fide part of the stock of the pawnbroker and not acquired in anticipation of such auction, may be offered at the pawnbroker auction if shown on the inventory as filed with the application. It shall be unlawful for any licensee, for or in anticipation of such auction, before or during the progress of any auction, to bring into said business or purchase, or add to or replenish his stock by substitution fill-ins, leaders or goods of any character whatsoever, and no merchandise other than shown on the inventory when filed shall be sold or offered for sale at said auction. Any false or fraudulent statement or representation made by any applicant for the purpose of procuring a license, or any failure to make, keep, permit inspection of, or note sales upon, such inventory, or any other violation of this article shall forfeit the right to conduct further auctions under such license, which forfeiture may be declared by the Chief of Police or the Council; provided, that the Council may suspend such auction during any delinquency, but such suspension shall not extend the time for closing such auction. (1952 Code § 5-17-07)