Any person now or hereafter engaged within the City in the business of lending money on a deposit of pledges of personal property or other valuable thing, other than securities or printed evidence of indebtedness, or in the business of purchasing personal property, or chooses in action, or other valuable thing, and selling or agreeing to sell the same back to the seller at a price other than the original price of purchase, or in the business of purchasing personal property such as articles made of or containing gold, silver, platinum or other precious metals, including coins or jewels, of any description for the purpose of reducing or smelting them into any form different from their condition or construction when purchased or reselling or marketing the product, or for resale for the purpose of reduction or smelting, is declared and defined to be a "pawnbroker" within the meaning of this chapter.
(Ord. 80-5082. Passed 12-2-80.)