Every such licensed pawnbroker shall keep a
book in which shall be written, at the time of making of each loan,
an account and description of the goods, articles or things pawned
or pledged, the amount of money loaned thereon and the rate of interest
to be paid on such loan, and the date and time of such pledge. Such
books shall, at all times during business hours, be open for inspection
to the City Clerk and his designees and to the Chief of Police of
the City of Kingston.
Interest charged shall be such as will be allowed
from time to time under the terms of the General Business Law of the
State of New York.
Every pawnbroker so licensed shall prepare a
written report for the Police Department of the City of Kingston before
10:00 a.m. of every business day, upon blank forms to be furnished
by said Department, wherein shall be shown a description of all articles
purchased or received in pawn during the last preceding business day,
together with the pawn ticket numbers or memorandum numbers issued
therefor, the amount paid, loaned or advanced thereon, and a physical
description of the person or persons from whom said property or merchandise
was purchased or accepted in pawn or by pledge. In the event that
any said articles of merchandise so purchased or received in pawn
or by pledge shall be found to be reported as stolen or actually stolen,
then said pawnbroker shall, upon request of the Police Department
of the City of Kingston, report in writing the name and residence
of the person from whom said article of merchandise was purchased
or received in pawn or by pledge.
Any person who shall violate any of the provisions
of this chapter shall be guilty of a Class B misdemeanor and shall,
upon conviction thereof, be subject to a fine not exceeding $500 or
to imprisonment for a term not exceeding three months, or by both
such fine and imprisonment.
This chapter shall take effect immediately.