A. License Required, Fees: No person shall at any time carry on the business of a pawnbroker without obtaining a license therefor. The pawnbroker's license fee shall be in such amount as the governing body shall establish, and such licenses shall not be transferable. The annual fee for such license shall be five hundred dollars ($500.00). (Ord. 82-13, 10-19-1982; amd. 1999 Code)
B. Secondhand Dealer's License Not Required: Persons holding a pawnbroker's license and also engaged in business as a secondhand dealer shall not be required to be licensed as a secondhand dealer in addition to his pawnbroker's license.
C. Bond Requirements: Any applicant for a license under this Chapter shall execute to the Town a bond in the penal sum of one thousand dollars ($1,000.00), conditioned that in the conduct of such business he will respect and obey the provisions of this Chapter and other ordinances of the Town 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. Records:
1. Required, Contents: Every pawnbroker shall keep at his place of business an accurate description of all personal property, bonds, notes and other securities received on deposit or purchased, the time when they were received or purchased and mentioning particularly any descriptive or identifying marks that may be on such property, bonds, notes or other securities, together with the name, residence and accurate description of the person by whom they were left and such other information as may be required by the Chief of Police. Such entries must be made on the day such property is taken in, using ink or indelible pencil, and no entry shall be erased or obliterated. All such records shall be clean and legible and in such form as the Chief of Police shall prescribe.
2. Deliver To Police; Retain Copy: Before twelve o'clock (12:00) noon of each working day, each pawnbroker shall deliver to the Police Department the original record required by subsection A of this Section, which shall include all of the business done on the preceding day and from the time of the last report to the day such report is made. The copy of such report shall be kept by the pawnbroker for his permanent records.
3. Inspection Of Records And Merchandise: Every pawnbroker shall, upon request, during the ordinary business hours, submit and exhibit the records required by subsection A of this Section to the inspection of police officers and permit any of such officers to make a copy thereof. He shall also, upon request, exhibit for the inspection of any such officers any goods, personal property, bonds, notes or other securities that may be so received by him.
E. Stolen Or Illegally Obtained Property: Any pawnbroker who shall have accepted, obtained or bought any property, bonds, notes or other securities or goods, either new or secondhand, from any person, not knowing the same to have been stolen or illegally obtained, shall deliver the same into the hands of the lawful owner when such owner shall have made a reasonably accurate and certain identification by means of number or description in the presence of the investigating officer. (Ord. 82-13, 10-19-1982)
F. Transactions With Minors: No pawnbroker shall transact any such business with any person under the age of nineteen (19) years.
G. Revocation Of License: In addition to any other penalty which may be imposed for a violation of the provisions of this Section, the governing body may require that any person who shall violate or fail to comply with any provision of this Section shall forfeit his license as a pawnbroker. The procedures set out in Section 3-2-4 of this Code shall be followed in revoking the license. (Ord. 82-13, 10-19-1982; amd. 1999 Code)