§ 857. Legislative Finding.

Council finds:

(a)

That the provisions of Chapter 833 of the Cincinnati Municipal Code regulating distress merchandise sales are being circumvented by persons who purchase the stocks in trade of defunct business and conduct liquidation sales at the former places of business of such defunct businesses;

(b)

That in most such sales the person conducting the sales represents to the public that the goods, wares and merchandise being sold have been purchased from the defunct business and that such goods, wares and merchandise are being sold at greatly reduced prices, whereas in reality most of the goods, wares and merchandise offered at such sales were never a part of the stock in trade of the defunct business but have been purchased by the person conducting the sale only for the purpose of being offered for sale at such sale;

(c)

That misrepresentations with respect to the real retail value of the goods, wares and merchandise are commonplace and that many persons are being deceived and defrauded by such sales; and

(d)

That the regulation of such sales is necessary to protect the public welfare.

(Sec. 757-1; ordained by Ord. No. 314-1958, eff. Oct. 10, 1958; renumbered to C.M.C. 857, eff. Jan. 1, 1972)