A. For every person, firm or corporation conducting, managing or carrying on the business of a pawnbroker, the fee shall be established by resolution of the Mayor and Common Council.
B For the purpose of this Article, "Pawnbroker" means and includes every person conducting, managing or carrying on the business of loaning money either for himself or herself or for any other person, firm or corporation, upon any personal property, personal security or purchasing personal property and reselling or agreeing to resell such articles to the vendor or other assignees at prices previously agreed upon.
C. Nothing contained in this section shall be deemed or construed to apply to the loaning of money or personal property or personal security by any bank authorized so to do under laws of the state.
(Ord. MC-817, 1-07-92; Ord. MC-744, 10-08-90)