Any pawnbroker may effect the purchase of secondhand personal property for resale purposes under the terms of this chapter by acquiring any pawn ticket of his or her own issued by transfer. Any person licensed as a pawnbroker, who shall purchase any new or secondhand goods of any individual not engaged in trade, shall keep the same for inspection for ten days from the time of the transfer, except on written release from the Chief of Police or his or her designee, the mentioned property shall be held during this period on the licensed premises or some other secure location within the city and shall not be disposed of or altered from the form in which it was received during this period.
(Prior Code, § 10-176)