(a) The Village Board shall grant the issuance of such license if all of the following apply.
(1) The applicant, including an individual, a partner, a member of a limited liability company, a manager, a proprietor, or an officer, director, or agent of any corporate applicant, does not have an arrest or conviction record, subject to state statute.
(2) The applicant provides to the Village Clerk a bond in the amount of $2,500 with not less than two sureties to ensure observation of all municipal ordinances or state or federal laws relating to pawnbrokers. The bond must be in full force and effect at all times during the term of this license.
(b) No pawnbroker license shall be transferable.
(c) Each license is valid from January 1 through December 31, and is renewable on an annual basis.
(Ord. 06-03, passed 8-21-2006)