The annual license fee to engage in the business of pawnbroker shall be one hundred dollars ($100.00). "Pawnbroker" includes any person, firm, partnership, association, or corporation engaged in the business of lending money on deposit or pledge of personal property or other valuable thing other than securities or printed evidence of indebtedness, or in the business of purchasing personal property for the purpose of reducing or smelting such property into any form different from their condition or construction when purchased and reselling or marketing the product. No license shall be issued without the prior certification of the Chief of Police.
(1978 Code Sec. 8-36)