3-8A-9: RETURN OF PURCHASE PRICE:

If any purchaser of such article or thing sold shall, within twenty four (24) hours, make a claim against said licensee upon the ground that the article sold to him at auction was not as represented and shall demand the return of the money or other consideration, and shall offer to return the article purchased, then and in such case said licensee shall return to the purchaser the purchase price, or deposit with the Chief of Police, taking his receipt therefor, said purchase price as a fund to answer and pay any judgment that may be recovered against said licensee by the purchaser; provided, that if no action therefor shall be commenced within fifteen (15) days from the date of such sale, the Chief of Police shall no longer be required to hold such money deposited with him and upon presentation of the receipt may return said money; provided, that the purchaser shall have the right to commence and maintain an action directly on the bond provided for by this article, in the name of the City. (1952 Code § 5-17-12)