[HISTORY: Adopted by the Board of Trustees
of the Village of Patchogue 11-26-1973 (Ch. 63 of the 1968 Code). Amendments noted where applicable.]
No person, corporation, partnership or firm
shall carry on the business of collateral loan broker, as defined
and construed under Article 5 of the General Business Law of the State
of New York, without having first obtained from the Mayor a license
of the Incorporated Village of Patchogue authorizing such person to
carry on the same.
The license fee shall be in the sum of $250
per annum.
Every applicant for a license to conduct the
business of collateral loan broker as referred to herein shall file
with the license a bond to the Incorporated Village of Patchogue to
be executed by the applicant and two responsible sureties in the penal
sum of $10,000, to be approved by the Mayor, which bond shall be conditioned
for the faithful performance of the duties and obligations pertaining
to such business and which bond shall otherwise comply with the provisions
of Article 5 of the General Business Law.
Any application for a license hereunder, the
rights and duties of any licensee and of the Mayor of the Incorporated
Village of Patchogue with respect thereto and the conduct of any such
business as a collateral loan broker shall be subject to all the provisions
of Article 5 of the General Business Law of the State of New York.
