(A) Definition. For the purpose of this subchapter, the following definition shall apply unless the context clearly indicates or requires a different meaning.
PAWNBROKER. Every person engaged in the business of receiving property in pledge or as security for money or other thing advanced to the pawner or pledger.
(B) License required.
(1) No person shall engage in the business of a pawnbroker within the village without a license.
(2) No junk dealer or secondhand dealer shall, during the period for which he or she shall have been licensed as such, receive or hold any license to engage in the business of a pawnbroker.
(C) Application and investigation. All applications for a license shall be made in conformity with the general requirements of this code relating to applications for licenses. The Chief of Police shall investigate the applicant to determine whether an applicant is of good moral character.
(D) Fee. The annual fee for a pawnshop license shall be $100.
(E) Bond. Every person so licensed shall, at the time of receiving such license, execute a bond to the village in the sum of $1,000 with good and sufficient sureties, conditioned for the due observance of the provisions of this code respecting pawnbrokers and loanbrokers or keepers of loan offices at all times during the continuance of such a license.
(`95 Code, § 116.065) (Ord. 94-2, passed 1-11-94) Penalty, see § 116.999