[CC 1999 §15-71; Ord. No. 94-96, 10-31-1994]
No person shall operate a pawnshop unless such person obtains a municipal pawnshop license issued pursuant to this Chapter. The City Treasurer may issue a pawnshop license to any person who meets the qualifications of this Chapter. To be eligible for a pawnshop license, an applicant shall:
Be of good moral character;
Have net assets of at least fifty thousand dollars ($50,000.00) readily available for use in conducting business as a pawnshop for each licensed pawnshop; and
Show that the pawnshop will be operated lawfully and fairly within the purposes set forth in Sections 367.011 to 367.060, RSMo.
In addition to the qualifications specified in Subsections (1), (2) and (3) of this Section, the City may also refuse to issue a pawnshop license to any applicant who has a felony or violation of an ordinance conviction which directly relates to the duties and responsibilities of the occupation of pawnbroker or otherwise makes the applicant presently unfit for a pawnshop license.
[CC 1999 §15-72; Ord. No. 94-96, 10-31-1994]
If the City is unable to verify that the applicant meets the net assets requirement for a license as a pawnshop, the City may require a finding, including presentation of a current balance sheet by an independent certified public accountant, that the accountant has reviewed the books and records of the applicant and that the applicant meets the net asset requirements of this Section.
[CC 1999 §15-73; Ord. No. 94-96, 10-31-1994]
An application for a new pawnshop license, the transfer of an existing pawnshop license or the approval of a change of ownership of a licensed pawnshop shall be under oath and shall state the full name and address of the applicant and the place where the business is to be conducted and other relevant information required by the City Treasurer. If the applicant is a partnership, the City may require that the applicant state the full name and address of each member. If the applicant is a corporation, the application shall contain the full name and address of each officer, shareholder and director. The application shall be accompanied by:
An investigation fee of five hundred dollars ($500.00) if the applicant is unlicensed at the time of applying for the license of the pawnshop or two hundred fifty dollars ($250.00) if the application involves a second (2nd) or additional license to an applicant previously licensed for a separate location or involved substantially identical principals and owners of a licensed pawnshop at a separate location;
Proof of general liability insurance in the amount of fifty thousand dollars ($50,000.00); and
An annual fee of five hundred dollars ($500.00).
[CC 1999 §15-74; Ord. No. 94-116, 11-28-1994]
Each applicant for a pawnshop license at the time of filing shall file with the City Treasurer a bond satisfactory to him/her and in the amount of five thousand dollars ($5,000.00) for each license with a surety company qualified to do business in this State. The aggregate liability of such surety shall not exceed the amount stated in the bond. The bond shall run to the State for the use of the State and of any person or persons who may have a cause of action against the obligator of such bond under the provisions of Sections 367.011 to 367.060, RSMo. Such bonds shall be conditioned that the obligator will comply with the provisions of Section 367.011 to 367.060, RSMo., and of all rules and regulations lawfully made by the City and will pay to the State and to any such person or persons any and all amounts of money that may become due and owing to the State or to such person or persons from such obligator under and by virtue of the provisions of Section 367.011 to 367.060, RSMo., during the time such bond is in effect.
[CC 1999 §15-75; Ord. No. 96-7, 1-29-1996]
Each licensee shall keep, consistent with accepted accounting practices, adequate books and records relating to the licensee's pawn transactions, which books and records shall be preserved for a period of at least two (2) years from the date of the last transaction recorded therein. Said records shall include, but not be limited to, the following:
The name and address of the pawnshop;
The name and address of the pledgor, the pledgor's description and the driver's license number, military identification number, identification certificate number or other official number capable of identifying the pledgor;
The date of the transaction;
An identification and description of the pledged goods, including serial numbers if reasonably available;
The amount of cash advanced or credit extended to the pledgor;
The amount of the pawn service charge;
The total amount which must be paid to redeem the pledged goods on the maturity date;
The maturity date of the pawn transaction; and
A statement to the effect that the pledgor is not obligated to redeem the pledged goods and that the pledged goods may be forfeited to the pawnbroker sixty (60) days after the specified maturity date.
Each licensee, upon request by a local law enforcement authority, shall furnish authority copies with information required by this Section. Such copies shall be furnished without charge except for a reasonable copying charge not to exceed twenty-five cents ($.25) per copy.
[CC 1999 §15-76; Ord. No. 94-96, 10-31-1994]
No person who is lawfully operating a pawnshop on August 28, 1990 shall be required to obtain a license under this Chapter in order to continue operating such pawnshop, so long as such person does not violate any other provision of Sections 367.011 to 367.060, RSMo.
[CC 1999 §15-77; Ord. No. 94-116, 11-28-1994]
The five hundred dollar ($500.00) annual fee shall be in lieu of any other City occupational license fee. The annual license fee paid shall entitle the applicant to a license for the fiscal year (commencing April first (1st)) in which application is made. The initial annual license fee shall be five hundred dollars ($500.00) for any license obtained between April first (1st) and June thirtieth (30th) of the fiscal year, three hundred seventy-five dollars ($375.00) for any license obtained between July first (1st) and September thirtieth (30th) of the fiscal year, two hundred fifty dollars ($250.00) for any license obtained between October first (1st) and December thirty-first (31st) of the fiscal year and one hundred twenty-five dollars ($125.00) for any license obtained between January first (1st) and March thirty-first (31st) of the fiscal year. The renewal fee for each fiscal year thereafter shall be five hundred dollars ($500.00) for said fiscal year and there shall be no refund of payment of any such fees should the licensee discontinue its operation during the fiscal year.