Any person, firm or corporation desiring such license shall, at least 10 days prior to such proposed auction sale, file with the township clerk of the township wherein it is proposed to hold such auction sale, an application in writing duly verified by the person, firm or corporation proposing to sell, dispose of or offer for sale any new merchandise at public auction, which application shall state the following facts:
(1) The name, residence and postoffice address of the person, firm or corporation making the application, and if a firm or corporation, the name and address of the members of the firm or officers of the corporation, as the case may be;(2) The name, residence and postoffice address of the auctioneer who will conduct such auction sale;(3) A detailed inventory and description of all such new merchandise to be offered for sale at such auction and a valuation thereof;(4) A statement as to whether or not the sale at public auction shall be with or without reservation.1955, Act 224, Imd. Eff. 6/18/1955 .