Every secondhand dealer shall retain in his/her possession for a period of thirty (30) days all tangible personal property reported under the provisions of section 4-2-504 of this article. The thirty (30) day period shall commence on the date the report of its acquisition was made to the chief of police by the secondhand dealer. The chief of police may, for good cause, as specified by the department of justice, authorize prior disposition of any such property described in a specific report; provided that a secondhand dealer who disposes of tangible personal property pursuant to such authorization shall report the sale thereof to the chief of police. (1962 Code §§ 6-12.101 et seq., 6-12.301 et seq.; amd. Ord. 93-O-2174, eff. 7-23-1993)