Section 134.71, Wis. Stats., is hereby adopted and by reference
made a part of this chapter with the same force and effect as though
fully set out herein, notwithstanding the below sections.
No person shall carry on the business of pawnbroker, secondhand
article dealer or secondhand jewelry dealer within the City without
first having obtained a license as provided for in this chapter.
The fees for licenses issued pursuant to this chapter shall
be set by resolution of the City Council.
Such license shall only be approved by the Council upon the
applicant filing with the City Clerk a bond in the sum of $500 conditioned
upon the payment of any forfeiture and costs which may be assessed
against the holder of a license for violation of this chapter.
As used in this chapter, the following terms shall have the
meanings indicated:
ARTICLE
Any item of value, excluding only motor vehicles, large appliances,
furniture, books, and clothing other than furs and leather.
PAWNBROKER
Any person who loans money on deposit or pledge of personal
property or other valuable things or deals in pledges of personal
property on condition of selling the same back again at a stipulated
price is hereby defined and declared to be a pawnbroker, loan broker,
and keeper of a loan office within the meaning of this chapter.
REPORTABLE TRANSACTION
Every transaction conducted by a pawnbroker or secondhand
article and jewelry dealer in which an article or articles are received
through a pawn, purchase, consignment, or trade, or in which a pawn
is renewed, extended, voided, or redeemed, or for which a unique transaction
number or identifier is generated by his point-of-sale software, and
is reportable except:
A.
The bulk purchase or consignment of new or used articles from
a merchant, manufacturer, or wholesaler having an established permanent
place of business, and the retail sale of said articles, provided
the pawnbroker must maintain a record of such purchase or consignment
that describes each item, and must mark each item in a manner that
relates it to that transaction record.
B.
Retail and wholesale sales of articles originally received by
pawn or purchase and for which all applicable hold and/or redemption
periods have expired.
SECONDHAND ARTICLE DEALER
Any person, other than an auctioneer, who engages in the
business of purchasing or selling secondhand articles, with exceptions
as stated in § 134.71(1)(g), Wis. Stats.
No person seeking to pawn, pledge, sell, consign, leave, or
deposit any article of property with any licensee shall give a false
or fictitious name, nor give a false date of birth, nor give a false
or out of date address of residence or telephone number, nor present
a false or altered identification of another to licensee.
Any person who shall violate any provision of this chapter shall, upon conviction, pay a forfeiture as described in §
1-4 of this Code, together with the costs of prosecution and any penalty assessment imposed by Wisconsin Statutes. Each day during which a violation of this chapter is permitted to exist shall be deemed to be a separate violation.