No person, corporation, partnership, company or firm, or other entity located in the City shall carry on the business of a pawnbroker or secondhand dealer in the City without being licensed pursuant to the Pawnbrokers Act and Secondhand Dealers Act and this section and as approved under this chapter. A secondhand dealer and pawnbrokers license is not transferable.
(a) The City may not issue a license for a pawnbroker and secondhand dealer and scrap dealer when the City's issuance of such a license exceeds 15, 15, 7, respectively.
(b) The City may not issue a license for a pawnbroker and secondhand dealer and scrap dealer when the City's issuance of such a license exceeds 15, 15, and 7, respectively and a license fee pursuant to MCL 446.202(5) which provides the government unit may fix the amount to be paid as the annual license fee at any amount not less than fifty dollars ($50.00) or more than five hundred dollars ($500.00).
(c) Prior to issuance of license both pawnbrokers and secondhand dealers shall file a bond in the penal sum of one thousand dollars ($l,000) conditioned that such applicant will in all respects faithfully comply with and observe all the of the Pawnbrokers and Secondhand Dealer Acts of 1917.
(d) All applicants, prior to the issuance of the license shall affirm that such applicant will in all respects faithfully comply with and observe all the applicable Federal, State, and local laws and regulations, including Act 350 of the Public Acts of 1917, and faithfully perform the duties and obligations of the business, including compliance with the provisions of the City of Southgate Charter, Code of Ordinances, and this chapter.
(e) A moratorium of issuance shall be in effect subsequent to issuance for pawnbrokers, secondhand dealers, and scrap dealers, respectively.
(Ord. 954. Passed 8-15-12.)