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AN ORDINANCE TO AMEND THE CODE OF T~E CITY OF PORTSMOUTH, <br />VIRGINIA, 1973, BP ~24ENDING SECTION 21-143 THEREOF, PERTAIN- <br />ING TO "GOING OUT OF BUSINESS" SALES. <br /> <br /> BE IT ORDAINED by the Council of the City of Portsmouth, <br />Virginia: <br /> <br /> t. That Section 21-143 of the Code of the City of <br />Portsmouth, Virginia, 1973, be amended and reordained to <br />read as follows: <br /> <br />Section 21-143. "Going out of business" sales; permits <br /> required. <br /> <br /> {a} It shall be unlawful ~or any person to advertise <br />or conduct a sale for the purpose of discontinuing a retail <br />business, or to modify the word "sale" in any advertisement <br />with the words "going out of business" or any other words <br />which tend %o insinuate that the retail business is to be <br />discontinued and %he merchandise liquidated, unless such <br />person first obtains a special sale permit to conduct such <br />sale from the Commissioner of the Revenue. <br /> <br /> ~b~ At the time of making application for such a <br />special sale permit, the applicant shall submit for inspection <br />to the Commissioner of the Revenue the advertisement for said <br />sale and the Commissioner of the Revenue shall inspect the <br />conducting of such sale to insure that it is being advertised <br />and conducted in conformity with the required special sale <br />permit. <br /> <br /> [c) Ali applications for special sale permits shall <br />be accompanied by an inventory, including the kind and <br />quantity of all goods which are to be offered for sale <br />during the sale, and only the goods specified in the inven- <br />tory list may be advertised at a reduced price or sold at <br />a reduced price during the sale period. Goods not included <br />on the inventory of special sale goods shall not be commingled <br />with or added to the special sale goods. <br /> <br /> [d~ Each special sale permit shall be valid for a <br />period of no longer than sixty (60) days, and any extension <br />of that time shall constitute a new special sale and shall <br />require an additional permit and inventory and inspection <br />of advert±sement~as provided for herein. -A maximu~ of two <br />(2) additional permits beyond the initial sixty (60) day <br />permit shall be granted solely for the purpose of liquidating <br />only those goods contained in the initial inventory list and <br />which remain unsold. <br /> <br /> <br />