A. Pawnbroker Transactions Further Defined: The following transactions constitute the business of a pawnbroker, and any and all such transactions require a valid City license:
1. Loaning or advancing money to any person on the deposit of personal property of any kind as security for such loan or advancement, when the personal property may be repurchased by the party upon paying a sum of money;
2. Loaning or advancing money upon a chattel mortgage on personal property, where the said property is taken into the possession of the lender as security for the advancement or loan upon an assignment or pledge of future earnings;
3. Purchasing previously owned or used personal property on the condition that it may be repurchased by the seller within a fixed period of time for a fixed sum of money. For purpose of this chapter, purchasing shall also include trade. (1952 Code § 5-16-02.01)
B. Prima Facie Evidence Of Pawnbroker Business: It shall be prima facie evidence of a pawnbroker business for any person or place of business to advertise for any of the transactions listed in subsection A of this section, regardless of any other name, term or phrase by which the business can be described. (1952 Code § 5-16-02.02)
C. Single Act May Constitute Pawnbroker Business: The doing of any single act enumerated in subsection A of this section shall constitute a pawnbroker business within the meaning of this chapter. (1952 Code § 5-16-02.03)