(A) No person shall engage in the business of pawnbroker within the city without first obtaining a license from the city.
(B) Any pawn transaction made without the benefit of a license is void.
(C) Licenses shall be issued only upon approval by the City Council.
(D) A separate license is required for each place of business. More than one license may be issued to a person if all provisions of this section and state law are complied with.
(E) No expiration, revocation, suspension, or surrender of any license shall impair or affect the obligation of any preexisting lawful contract between the licensee and any pledger.
(F) A licensee obtains no vested interest in a license issued under this section and the city reserves the right to not renew the same.
(Prior Code, § 9.13) Penalty, see § 113.99