Every such licensed pawnbroker shall keep a book in which shall
be written, at the time of the making of each loan, an account and
description of the goods, articles or things pawned or pledged, the
amount of money loaned thereon and the rate of interest to be paid
on such loan and the date and time of such pledge. Such books shall,
at all times of business hours, be open for inspection to the Mayor
and his designees and to the Chief of Police and his designees of
the City of North Tonawanda.
Interest charged shall be such as will be allowed from time
to time under the terms of the General Business Law of the State of
New York.
Any person who shall violate any of the provisions of this ordinance
shall be guilty of a Class B misdemeanor and shall, upon conviction
thereof, be subject to a fine not to exceed $500 or to imprisonment
for a term not to exceed three months, or by both such fine and imprisonment.
This ordinance shall take effect from and after its passage
and publication as provided by law.