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(A) No person shall operate as a pawnbroker without a license issued by the City Clerk.
(B) A person who is required by the provisions of this section to obtain a license shall make application to the City Clerk upon a form furnished by the City Clerk giving the information required upon the form and shall present to the City Clerk a current pawnbroker's license issued by the State of Oklahoma.
(C) A person making application for the license required by this division shall pay to the City Treasurer the regulatory fee of $50.
(1) Every person applying for a license to engage in or carry on the business of pawnbroker shall, before the license is issued to him, provide proof to the city of a current bond filed with the State of Oklahoma, with approved sureties, in the penal sum of $5,000, conditioned that the applicant will strictly observe all laws, regulations and requirements in relation to pawnbrokers or their business, and will pay all costs, fines and penalties incurred on account of his failure or neglect in that regard and will pay all damages to any person by reason of the pawnbroker wrongfully taking, purchasing or receiving in pledge or on deposit any stolen property, or the property of any minor.
(2) (a) A copy of the bond shall be filed with the City Clerk and may be sued upon by any person damaged as aforesaid.
(b) A license issued pursuant to the provisions of this section shall expire on June 30 of each year, unless sooner suspended or revoked.
(Ord. 1863, passed 6-5-12)