(815 ILCS 350/1) (from Ch. 121 1/2, par. 157.1)
Sec. 1.
Findings and declaration of General Assembly.
The General Assembly has found and declares:
That sales to be licensed and regulated pursuant to the provisions of
this Act have often been conducted and advertised in such a manner as to
mislead and defraud the public and otherwise to result in harm to the
public interest;
That such fraud and imposition on the public has included, by way of
partial enumeration only: the misrepresentation of the condition or
necessity which is the occasion of such sale; the misrepresentation of the
identity of the person conducting such sale and/or the name and style in
which such sale is to be conducted; and the excessive valuation and
misrepresentation of the quality and ownership of goods to be sold at such
a sale;
That in order to prevent such fraud and imposition, the public interest
requires the regulation of such sales and of the duration and conduct
thereof; and
That the public interest therefore requires that no such sale should be
conducted without a license or otherwise than in accordance with this Act.
(Source: Laws 1959, p. 2228.)
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