Every person or corporation engaged in the business of receiving property in pledge, or as security for money or other thing advanced to the pawner or pledgor, shall be held and is declared and defined to be a pawnbroker for the purposes of this chapter, and every person who shall, in the course of his or her business, purchase any personal property with an agreement, express or implied, to resell the same to the person selling, pledging or disposing of the same, shall likewise be deemed to be a pawnbroker.
(Prior code § 18-1)
A. 
Required. It is unlawful for any person to engage in or conduct the business of a pawnbroker in the city without first obtaining a license so to do.
B. 
Application. Every person desiring to engage in the business of a pawnbroker shall make application to the city clerk for a license to conduct such business. Such petition shall state the name of the person and, in the case of a firm or corporation, the names of the persons composing such firm, or of the officers of such corporation. The application shall also state the place, street and number where the business is to be carried on and shall specify the amount in capital proposed to be used by the applicant in the business.
C. 
Bond. At the time of making an application for a license to transact the business of a pawnbroker, the applicant for such license shall furnish a bond in the amount of $1,000, conditioned that in the conduct of such business he or she will respect and obey the provisions of this Code and other city ordinances applicable thereto and will pay all damages that may accrue to any person by reason of any fraud or misconduct in managing such business.
D. 
Fee. Every person making an application for a pawnbroker's license required by Section 5.12.020 shall pay an annual license fee of $100.
E. 
Transfer. No license issued under this chapter shall be transferable from one person to another, but it may be transferred from one place to another by consent of the city council on payment of a transfer fee of $5.
F. 
Revocation. Any licensed pawnbroker who is found guilty of failing to comply with or of violating this chapter may have his or her license suspended or revoked for the remainder of its term, by the justice or magistrate finding the guilt.
(Prior code §§ 18-2 — 18-7)
Every person licensed as a pawnbroker shall keep at his or her place of business a substantial and well-bound book, in which he or she shall enter in writing a minute description of all personal property, bonds, notes and other securities, received on deposit or purchase, the time when they were deposited or purchased and particularly mentioning any descriptive marks that may be on such property, bonds, notes or other securities, together with the name and residence of the person or persons by whom they were left. Such entries shall be made on the day such property is taken in. Before noon of each working day, such pawnbroker shall make and deliver to the chief of police a substantial copy of the entries made on the preceding day on forms provided by the city as herein mentioned, which report shall include all the business done on the preceding working day, and all business done from the time of the last report to the day such report is made. The book herein required to be kept shall be kept clean and legible, and no entry therein shall be erased, obliterated or defaced and all entries therein made shall be made either with ink or with indelible pencil.
(Prior code § 18-8)
Every person licensed as a pawnbroker shall during the ordinary business hours submit for inspection the book mentioned in Section 5.12.030 when requested so to do by a police officer or other officer of the city and permit any officers to make a copy thereof, and shall also exhibit any goods, personal property, bonds, notes or other securities that may be left with such licensed person for the inspection of any of the above-named officers when requested to do so.
(Prior code § 18-9)
Any person licensed as a pawnbroker who shall purchase any secondhand goods or new goods of any individual not engaged in trade shall keep the same for inspection for 10 days before the same are sold and shall keep a record of the same as provided in Section 5.12.030. The pawnbroker shall also keep a description of the person of whom such goods are brought.
(Prior code § 18-10)
It is unlawful for any pawnbroker or junk dealer or secondhand dealer in the city to purchase, or to receive as collateral security, or to otherwise receive, any goods or property from any persons who are under the age of 18 years.
(Prior code § 18-11)
No person licensed as a pawnbroker shall take any article in pawn from any person appearing to be intoxicated or any person known to such pawnbroker to be a thief or to have been convicted of larceny or burglary, without first notifying a police officer.
(Prior code § 18-12)
When any person is found to be the owner of stolen property which has been pawned, such property shall be returned by the pawnbroker to the owner thereof without the payment of the amount advanced by the pawnbroker, or any costs or charges of any kind which the pawnbroker may have placed upon the same.
(Prior code § 18-13)
On loans not exceeding $100 the maximum rate of interest which a pawnbroker may charge shall not exceed 20% per month; on all loans exceeding $100 the maximum rate of interest shall not exceed 10% per month. Interest shall not be charged on any sum, other than the actual amount of money received by the borrower, and no other charge of any description for any purpose whatsoever shall be made by the pawnbroker.
(Prior code § 18-14)
Every pawnbroker shall keep at his or her place of business any unredeemed goods, personal property, bonds, notes or other securities pledged or pawned, pursuant to this chapter, for at least 30 days after the redemption date before disposing of the same.
(Prior code § 18-16)