[R.O. 2012 §605.210; Ord. No. 6665 §§I — VI, 2-6-1978]
A. PAWN PAWNBROKER PAWNEE PAWNER PAWN SHOP
Definitions. As used in this Section, the following terms shall have these prescribed meanings:
To leave something with another person as security that borrowed money will be repaid.
Any person engaged in the business of lending money on the security of pledged goods or engaged in the business of purchasing tangible personal property on condition that it may be redeemed or repurchased by the seller for a fixed price within a fixed period of time.
The person with whom something is deposited as a pawn or security.
The owner of an article or articles in pawn as security.
The location at which or premises in which a pawnbroker regularly conducts business.
B.
License. A pawnbroker's license must be obtained from the City Clerk/Collector prior to engaging in the pawnbroking business. The provisions of this Chapter should apply.
C.
Revocation Of License. If any pawnbroker, or his/her agents, servants, or employees shall violate any of the provisions of this Chapter or any of the Statutes of the State, and is convicted in any Magistrate Court or Court of Record in the Municipal Court of the City, or after three (3) days notice and hearing by City Manager, he/she may revoke same without a conviction, or becomes a person of bad moral character in the conduct of the pawnbroker's business, it shall be sufficient to authorize the City Manager to revoke the license issued under this Section.
D.
Receipt For Pledged Property — Contents — Loss Of, Effect. At the time of making any secured personal credit loan, the lender shall execute and deliver to the borrower a receipt for and describing the tangible personal property subjected to the security interest to secure the payment of the loan. The receipt shall show the date on which the loan was made, the date of maturity thereof, a description of the tangible personal property subjected to the security interest to secure payment of the loan, the loan fee, the rate of interest, the conditions of forfeiture, the name, address, age, and general description of the person pledging or selling the property, and shall constitute the loan contract between the lender and the borrower. The receipts will be prepared in a minimum of three (3) copies. The first, or original, will be retained by the Pawnee as a permanent record. The second copy will be provided, on a weekly basis, to the Chief of Police. The third copy will be given to the Pawner. The right of redemption of the tangible personal property subjected to the security interest to secure the payment of any secured personal credit loan shall not be affected by the loss of the receipt or loan contract, if the borrower shall make and deliver to the lender an affidavit stating that the receipt or loan contract has been lost or destroyed, and containing a description of the tangible personal property described therein.
E.
Receiving Goods From Minors, Stolen Property. No Pawnbroker shall receive any personal property from any minor without written consent of such minor's parents or guardian, or any stolen property or property which, from any cause, he/she may have reason to believe or suspect cannot be lawfully or rightfully sold,passed or pledged by the person offering it.
F.
Records Inspection. The records of the Pawnee shall at all times be open to the inspection of the City Manager, Police and City Attorney.
G.
Penalty. Any person found in violation of this Chapter shall be guilty of an ordinance violation which shall be punished by a fine of not less than one hundred dollars ($100.00) nor more than two hundred and fifty dollars ($250.00) or confinement in the City Jail up to sixty (60) days or by both fine and imprisonment.