The provisions of this article shall apply to all persons engaged in the business of lending money, whether with or without security, in amounts of $75 or less unless such persons are expressly excluded by the terms of this article. Any person attempting to evade the provisions of this article by any subterfuge, artifice or device shall be deemed guilty of a misdemeanor. (Ord. 3484)
No person, either as principal or agent, representative, broker or trustee of another, shall engage in the business of lending money in amounts of $75 or less to any person within the city without first having obtained a license therefor from the city and displaying such license as provided in this article. The terms of this article shall also apply to any person who makes a loan in excess of $75 and requires the loan to be repaid in less than three days from the time of the actual making thereof. (Code 1941, Art. 73-1; Ord. 3484)
Every person, before opening, maintaining or operating a business for the lending of money, as described in Section 25-4, in the city, shall make application to the city manager for a license for each such business maintained or operated by him, upon a blank to be furnished by the city manager on a form prescribed by such officer, which shall include, among other things, the full name and address of the applicant, both residence and place of business, including the street and number, and if the applicant is a partnership or association, the full name and address of every member thereof, if a corporation, the name and address of each officer or director of such corporation, if a trustee, the name and address of the cestui que trust, and if an agent, representative or broker, the name and address of the client or principal; also the name under which the business is to be conducted.
Every such application for license shall be sworn to by the applicant. (Code 1941, Art. 73-2; Ord. 3484)
A separate license and application shall be required for each establishment, office or place of business conducting a business of lending money as provided in this article regardless of the ownership of such business. (Code 1941, Art. 73-2; Ord. 3484)
The application and the information required in the application for a license required by this article as set out in Section 25-6 shall be furnished annually on each renewal of any such license. (Code 1941, Art. 73-2; Ord. 3484)
It shall be the duty of every licensee to pay all ad valorem taxes levied and assessed by the city against such licensee, and the sufferance by any such licensees of such ad valorem taxes to become delinquent shall constitute just cause for the refusal to renew the license or for the revocation of the same. (Ord. 3484)
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