CHAPTER 5.28
PAWNBROKERS
SECTION:
5.28.010: Definitions
5.28.020: License Required
5.28.030: Accurate Records Of All Transactions Required
5.28.040: Retention Of Personal Property For Required Time
5.28.050: Employees
5.28.060: Licensee Responsible For Acts Of Employees
5.28.070: Violation; Penalty
5.28.010: DEFINITIONS:
In construing the provisions of this chapter, the following definitions shall apply:
CITY: The city of Hailey, Idaho.
PAWNBROKER: Any person conducting a business which involves or includes loaning or advancing money upon the deposit, pledge or bailment of personal property of any kind as security for such loan or advancement, or engaging in any transaction involving the sale and purchase of personal property wherein said personal property is, pursuant to agreement, to be repurchased by the vendor, pledgor, bailor or depositor upon the payment of an agreed sum.
PERSON: Any individual, firm, partnership, company, corporation, joint venture, association, or other business entity.
YEAR: The calendar year. (Ord. 596 § 1, 1992)
5.28.020: LICENSE REQUIRED:
Each and every person engaged in business as a pawnbroker within the city limits is required to obtain a license by completing a license application in the form required by the police department. Applications may be obtained from the city clerk. Applicants shall be required to pay a license fee in the sum of fifty dollars ($50.00) prior to issuance of the license required herein. Each license issued shall be valid for one year, and licenses must be renewed annually. All persons subject to the requirements of this chapter shall have until June 15, 1992, to obtain the required license. (Ord. 596 § 2, 1992)
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