The following words and terms when used in this Chapter shall have the following meanings unless the context clearly indicates otherwise:
ISSUING AUTHORITY: The City of Rosemount.
MINOR: Any natural person under the age of eighteen (18) years.
PAWNBROKER: A person who loans money in deposit or pledge of personal property or other valuable thing; who deals in the purchasing of personal property or other valuable thing on condition of selling that same back again at a stipulated price; or who loans money secured by chattel mortgage or on personal property, taking possession of the property or any part thereof so mortgaged. To the extent that a pawnbroker business includes buying personal property previously used, rented, or leased, the provisions of this Chapter shall be applicable. Any bank, savings and loan association, or credit union shall not be deemed a pawnbroker for purposes of this Chapter.
PERSON: Any one or more natural persons; a partnership, including a limited partnership; a corporation, including a foreign, domestic, or nonprofit corporation; a trust; a political subdivision of the State; or any other business organization. (Ord. XV.7, 10-4-94)