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1. The sale shall be held at the place named in the application and by the particular licensee for a period of not more than forty-five (U5) consecutive calendar days (Sundays and legal holidays excluded), next following the date of the issuance of said license. (a) Renewal Procedure. The License Officer shall renew a license for one period of time only, such period to be in addition to the 45 days permitted in the original license, and not to exceed 15 consecutive days, Sundays and holidays excluded, when he finds: (a-1) That facts exist justifying the license renewal; (a-2) That the licensee has filed an application for renewal; (a-3) That the licensee has submitted with the application for renewal a revised inventory showing the items listed on the original inventory remaining unsold and not listing any goods not included in the original application and inventory. (a-3-a) For the purpose of this subsection, any application for a license under the provisions of this Ordinance covering any goods previously inventoried as required hereunder, shall be deemed to be an application for renewal, whether presented by the original applicant, or by any other person. 2. Only the goods, wares, and merchandise described in the inventory attached to the application shall be sold at said sale. 3. The license shall authorize only the one type of sale described in the application at the location named therein. 4. Upon the commencement of said sale and for its duration, the license issued hereunder shall be prominently displayed in the place of sale by the licensee. 5. The licensee shall keep suitable books during the sale, at the location at which said sale is conducted, in which shall be made daily entries showing each item sold that day and the price paid by the purchaser. Said books shall be open for inspection by the License Officer and his duly authorized representatives. 6. Upon being issued a license hereunder for a distressed merchandise sale the licensee shall surrender to the License Officer all other business licenses he may hold at that time applicable to the location and goods covered by the application for a license under this Ordinance. 7. Any license herein provided for shall not be assignable or transferable. SECTION 8. DUTIES OF LICENSEE. A licensee hereunder shall: 1. Adhere to Inventory. Make no additions whatsoever, during the period of the licensed sale, to the stock of goods set forth in the inventory attached to the application for license. 2. Advertise Properly. Refrain from employing any untrue, deceptive or misleading advertising. 3. Adhere to Advertising. Conduct the licensed sale in strict conformity with any advertising or holding out incident thereto. 4. Keep Duplicate Inventory. Keep available at the place of sale a duplicate copy of the inventory submitted with the application and shall present such duplicate to inspecting officials upon request. 5. Segregate Non-inventoried Goods. Keep any other goods separate and apart from the goods listed in the filed inventory as being objects of sale and shall make such distinction clear to the public by placing tags on all inventoried goods in and about the place of sale apprising the public of the status of all such goods. SECTION 9. REVOCATION OF LICENSE. The License Officer shall revoke any license issued pursuant to the provisions of this Ordinance if he shall find that the licensee has violated any provision of this Ordinance, has made any material misstatement in his application, has failed to include in the inventory required by the provisions of this Ordinance all of the goods, wares, and merchandise being offered for sale, has added or permitted to be added to said sale any goods, wares, or merchandise not described in the original application and inventory, or has failed to keep suitable records of said sale. SECTION 10. LICENSE FEE. The fee for licenses issued pursuant to this Ordinance shall be $150.00 or one-quarter of one per cent of the inventory value of the goods, wares, and merchandise to be sold at said sale, whichever is the greater amount. SECTION 11. Any person violating any provisions of this chapter shall upon conviction thereof, be fined not less than $25.00 nor more than $500.00 or imprisoned in the City Jail for not more than 6 months, or both. Each day's violation shall constitute a separate offense. SECTION 12. All ordinances or parts of ordinances in conflict herewith are hereby expressly repealed. SECTION 13. This ordinance shall be in full force and effect as in the next section provided, and final passage. SECTION l4. The City Clerk and Clerk of the Board of Commissioners of the City of Las Vegas shall cause this ordinance to be published once a week f or two successive weeks immediately following its first reading and adoption in the Las Vegas Sun, a daily newspaper published in the City of Las Vegas.