A.
The Select Board (For the purposes of this bylaw, references to the "Select Board" shall include the Select Board or its designee.) may license suitable persons to be pawnbrokers. Such licenses shall be valid only in the building or place designated in the license, unless the Select Board consents otherwise. Applications for new licenses may be filed at any time with the Select Board. Such licenses may be issued in April, to take effect on May 1, following. All licenses issued under this bylaw shall expire on May 1, unless sooner revoked.
B.
Persons who engage in or carry on the business of lending money on mortgages, deposits or pledges of wearing apparel, jewelry, ornaments, household goods or other personal property purchasing such property on the condition of selling the same back again at a stipulated price, when the property so mortgaged, pledged or purchased is deposited with the lender, must be licensed as pawnbrokers.
C.
Every person so licensed shall, at the time of receiving the license, file with the Select Board a bond in the amount of $300.
D.
The fee for a pawnbroker license shall be set by the Board by regulation.