(A) Application; investigation, and the like. Any person desiring a pawnbroker license shall file with the license inspector an application containing such information as the license inspector shall require. The application shall be made under oath and furnishing false information therein shall be a violation of this chapter in addition to any other laws or ordinances. Before such person shall be licensed to conduct such business in the city, a copy of the application for such license shall be delivered to the Chief or an officer duly detailed by the Chief for such purpose shall investigate the applicant and report the result of such investigation to the inspector together with the approval or the disapproval of such application by the Chief; provided, however, that no person shall be licensed under the terms hereof who, at any time prior to the issuance of such license, has been duly convicted in any court of competent jurisdiction of having violated any law relating to theft, burglary, receiving stolen property, sale of controlled substance, or of any infraction of the terms and provisions of this chapter or of any of the ordinances of the City of Granite Falls regulating the business of pawnbroking; further provided, that in denying any license based upon such conviction, the inspector shall follow the procedures in these chapters and in Laws of Minnesota for 1974, Chapter 298 (M.S. Chapter 364). CONVICTED shall include a plea of guilty even though no judgment of conviction is or has been entered or imposition of sentence has been stayed.
(B) Bond. Before any person shall be licensed as a pawnbroker, such applicant shall file a bond in the amount of $5,000 with a duly licensed surety company as surety thereon, such surety bond to be approved as to form by the City Attorney, conditioned that such licensee shall observe the ordinances of the city in relation to the business of pawnbroker and that such licensee will conduct said business in conformity therewith and will account for and deliver to any person legally entitled thereto any goods, wares or merchandise, article or thing which may have come into the possession of such licensee as pawnbroker or in lieu thereof such licensee shall pay in money to such person or persons the reasonable value thereof.
(Ord. 181, passed 3-20-2017)