CHAPTER 116: GOLD AND SILVER EXCHANGES
Section
   116.01   Definitions
   116.02   Daily reports required
   116.03   Records required; inspections
   116.04   Posting of business sign required
   116.05   Tagging merchandise; restrictions on resale
   116.06   Dealing with minors
   116.07   Hours of operation
   116.08   Cash transactions prohibited
§ 116.01 DEFINITIONS.
   For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
   DEALER. Any natural person, partnership, joint venture, corporation or combination thereof, engaged in the business of operating a gold and silver exchange.
   GOLD AND SILVER EXCHANGE. Any operation conducted for profit in which precious metals, in any form, are purchased, sold, exchanged or received.
   PRECIOUS METALS. Include, but are not limited to gold and silver, as well as items of personal property which are wholly or partly made of such metals.
(1995 Code, § 5.40.010)
§ 116.02 DAILY REPORTS REQUIRED.
   (A)   Every dealer shall make a daily report to the Police Department of the City, in writing, of every purchase, sale or exchange. The report shall contain:
      (1)   Description of each article;
      (2)   Price paid for the article;
      (3)   The name, description and residence of the person from whom each article was purchased and received;
      (4)   The name, description and residence of the person to whom each article was sold; and
      (5)   The day and hour that such purchase, sale or exchange was made.
   (B)   Each entry of the report shall be numbered consecutively, commencing with the number (1).
(1995 Code, § 5.40.020) (Am. Ord. O-2013-013, passed 8-19-2013)
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