No person shall borrow or attempt to borrow any money or thing of value from any student in or upon any public, private or parochial school building or school property in the city or during any time when such student is engaging in, going to or returning from any regularly scheduled session or activity of any such school without first obtaining the written approval of the principal of such school or other person designated by the principal to issue such written approval; provided, however, that this section shall not apply to college students who borrow money or things of value from other college students or adults.
(1993 Code, § 34-356)