For the purpose of this subchapter the following definitions shall apply unless the context clearly indicates or requires a different meaning.
PAWNBROKER. Any person, partnership, association, or corporation lending money on the deposit of or pledge of personal property, or who deals in the purchase of personal property on the condition of selling the property back again at a stipulated price, other than choses in action, securities, or printed evidence of indebtedness.
PLEDGE. An article or articles deposited with a pawnbroker in the course of business.
PRECIOUS METALS. Metals that have high economic value due to their rarity, including, but not limited to gold, silver, platinum and palladium.
PRECIOUS STONES. Include any of several gems, including the diamond, emerald, ruby, and sapphire, that have high economic value because of their rarity or appearance.
SECOND HAND DEALER. Except for a valuable metals dealer, precious metals dealer or precious stones dealers, or pawnbroker as defined in this section, any organization which is exempt from federal tax as provided under the Federal Tax Code, used automobile/vehicle dealer, used farm equipment dealer, or real estate business, any person who engages in the business of purchasing, selling, or exchanging previously used goods or articles.
VALUABLE METAL. Copper, lead, titanium, stainless steel, copper alloy or brass, formed as a bar, cable, rod, tubing, wire, wire scrap, clamp, connector, bushing or bearing or other appurtenances utilized or that can be utilized by persons, firms, corporations, or municipal corporations engaged in either the generation, transmission or distribution of electric energy, in telephone, telegraph, or other communications, or by railroads; or any copper, copper alloy, or brass, or aluminum material utilized for the purpose of plumbing, storm doors or windows, siding or gutters, or any metals that have a value for resale or scrap.
(Ord. 2012-G-04, passed 5-7-12)