[Amended 6-14-2021 ATM by Art. 46]
A.
No individual or entity may carry on the business of pawnbroker, or deal in junk, old metals, or any secondhand articles without a license from the Select Board. The licensee shall, at the time of receiving such license, file with the Town Clerk, a bond to the Town in the sum of $5,000 with two personal sureties approved by the Town Clerk or a surety company authorized to do business in Massachusetts and conditioned for the faithful performance of the duties and obligations pertaining to the licensed business.
B.
Licenses issued pursuant to this section may only be granted to: 1) suitable persons who have been residents of the Town, or residents of an adjoining city or town, for the six months preceding the issuance of the license; or 2) to businesses with a majority of principals, deemed to be suitable individuals, who have been residents of the Town, or residents of an adjoining city or town, for the six months preceding the issuance of the license. Licenses issued under this section shall be renewed on an annual basis and may be suspended, revoked, or canceled at any time at the discretion of the Select Board.