In writing, & signing, & publicly reading the Conditions of Sale, nor without advertising the property intended for sale, & the time & place of Sale in a Newspaper, or by posting up Notices in three public Places in the ; & also giving Notice of the same by a Crier & the ringing of a Bell.
Sec. 5. That no Auctioneer or Auctioneers shall, either directly or indirectly, purchase at auction any article or articles put up to sale by him or them, except for his or their own use, & not to sell again, under a penalty of Twenty five Dollars, for every such offence.
<RepealedApril 9th. 1842>
Sec. 6. That no Auctioneer or Auctioneers shall sell by auction dry Goods or Groceries, in Lots or Parcels of less value than five Dollars, or Liquors of any kind in less quantities than five Gallons, under the Penalty of Five Dollars for every offence.
Sec. 7. That in no Case where two or more Persons shall take out a joint License as Auctioneers, shall it be lawful for any of them, under colour thereof, to hold seperate auctions, or to sell at more than one Place at one & the same time; but the said License shall be construed to confer no greater privilege or authority than if the same were granted to a Single Person; & that if any of the Persons who may have taken out a joint License as aforesaid, shall violate this Provision, he or they shall forfeit & pay the same Penalty for every offence, as is imposed on any Person who shall Sell as an Auctioneer, without having taken out a License, & given Security, as hereinbefore required.
Sec. 8. That from & after the passage of this act, there shall be levied & paid to this Corporation, a duty on the amount of all Sales at Auction by the Auctioneers Licensed pursuant to the Laws thereof, at the following Rates, that is to say; upon all Real Estate, public Securities, Bank & other incorporated Stocks, [p. 56]