[HISTORY: Adopted by the Common Council of the City of Gloversville
8-10-1965 as Ch. 53 of the 1965 Code; amended in its entirety 8-22-1995 by
L.L No. 9-1995. Subsequent amendments noted where applicable.]
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:
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.
A.
Every person carrying on the business of a collateral
loan broker within said city shall report daily, in writing, to the Chief
of Police, on blank forms to be furnished by the Police Department, a description
of all articles received by said collateral loan broker within the twenty-four
(24) hours immediately preceding the delivery of such report and a description
of the person making the pledge.
B.
The contents of such report shall not be communicated
to any person for the purpose of publication, but shall be used exclusively
for the purpose of protecting the public.
C.
No person shall make any false entries in such report,
and whenever the Chief of Police shall notify the collateral loan broker not
to sell or permit to be redeemed any property so received on deposit, such
property shall not be sold or be permitted to be redeemed.
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.
