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P2~ O~,Dxz~AnCE TO A~,iEIfD THE CODE OF TIlE CITY OF PORTSMOUTH, IRGL~IA, 1961, BY ADDIz~G TO CHAPTEA 27 THEREOF, A ~,1~. ARTICLE COI~SISTING OF ONE SECTION, PE~TAI~I~G' TM ~'? ~ TO GOING OUT OF BUSINESS SALES. ~naREAS, the City of Portsmouth is autnorlzed~ ' to enact as ordinances certain statutes from the Code of Virginia, ~rovmaea such ordinances are substantially consistent with the state law; and W!iEREAS, the General Assembly of V'mrgmnla' ' at its 1972 session amended certain of those statutes of the Code of Virginia, 1950; and ~HEREAS, it is therefore necessary to amend a cer- tain chapter of the Code of the City of Portsmouth, Virginia, so as to make said chapter conform to the changes in the Code of Virglnia enacted by the General Assembly at its 1972 session. NOW, THEREFORE, BE IT ORDAINED by the Council of the City of P~rtsmouth, Virginia: 1. That the code of the City of Portsmouth, Virginia, 1961 be amended by adding to Chapter 27 thereof a new article, such new article to read as follows: Article III. Going out of business sales. Section 27-6. Permit required for going out of business sales. (a) It shall be unlawful for any person to advertise, or conduct a sale for the purpose of discontinuino a retail buszness, or to modify the word "sale" in any advertzsement with the words "going out of business" or any other words which tend to insinuate that the retail business is to be discontinued and the merchandise liquidated, unless such person obtains a permit to conduct such sale from the Commiss- ioner of Revenue. (b) Ail applications for such special sale permits shall be accompanied by an inventory of all goods which are to be offered for sale during the sale and only the goods specified in the inventory list may be advertised at a reduced price or sold at a reduced price during the sale period. (c) Each such special sale permit shall be valid for a period of no longer than thirty days, and any extension