No person, firm or corporation shall carry on the business of a collateral
loan broker (pawnbroker) within the City of Gloversville without having procured
a license as required by the terms of this chapter.
As used in this chapter, the following terms shall have the meanings
indicated:
COLLATERAL LOAN BROKER
Any person, copartnership, firm, company or corporation designated
or doing business as a furniture storage warehouseman or by whom moneys are
loaned or advanced upon goods, wares or merchandise pledged or deposited as
collateral security.
The City Clerk of the City of Gloversville may grant, to any person,
firm or corporation who shall produce to him satisfactory evidence of good
character, a license to carry on the business of a collateral loan broker
within said city upon the payment to the City Clerk of two hundred fifty dollars
($250.).
Every license granted hereunder shall designate the building in which
the licensee shall be authorized to act as collateral loan broker, and said
business shall not be carried on in any other place than the one designated.
Every such license shall expire one (1) year from the date of its issue.
Conduct and enforcement of activities of collateral loan brokers shall
be as provided in Article 5 of the General Business Law.
Any person violating any provision of this chapter may be punishable
by a fine of not less than fifty dollars ($50.) nor more than two hundred
fifty dollars ($250.) or imprisonment for a period not exceeding fifteen (15)
days, or both.