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(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)
Any dealer, or any person who purchases, sells, exchanges or receives precious metals or any items, shall keep up in a conspicuous place in or upon the shop, store or place of business, a sign having his or her name and occupation inscribed thereon, the sign to be in conformity with the sign regulations of the Newport zoning ordinance.
(1995 Code, § 5.40.040)
Precious metals purchased or exchanged by any dealer shall be retained by the dealer for at least 5 business days after the precious metals are entered into the Leads Online system as provide in Chapter 116B of the Newport Code of Ordinances before disposal of the articles and kept in an accessible place at his or her place of business where the precious metals were purchased or received. A tag shall be attached to such articles in some visible and convenient place with the number written thereon corresponding to the entry number on the report required by § 116.02.
(1995 Code, § 5.40.050) (Am. Ord. O-2013-013, passed 8-19-2013)
No dealer hereunder shall directly or indirectly purchase or receive, by way of barter or exchange or otherwise, any articles from any minor, or when he or she knows or has reason to believe him or her to be such.
(1995 Code, § 5.40.060) Penalty, see § 10.99
No dealer hereunder shall purchase, sell or exchange or receive any article from any person between the hours of 9:00 p.m. and 7:00 a.m.
(1995 Code, § 5.40.070) Penalty, see § 10.99
Any dealer subject to the provisions of this chapter shall not enter into any cash transaction for the purchase or acquisition of precious metals regulated herein. Payment by the dealer for the purchase of precious metals regulated herein shall be made by check issued to the seller and payable to the seller.
(Ord. O-2013-013, passed 8-19-2013)