(a) Bonds, notes, securities or any other personal property purchased or received on deposit, purchased by or pledged to any pawnbroker or secondhand dealer shall not be sold, redeemed or removed from his place of business for ten days after the daily report provided in Section 846.05(e) has been delivered.
(b) In addition to the foregoing minimum holding period, every pawnbroker or secondhand dealer shall continue to hold specified goods when ordered to do so by the Chief of Police or his authorized representative until such police order is abated by the Chief of Police or his authorized representative or by court order or by order of the City Law Director/Prosecutor. Such goods shall thereupon be returnable to the true owner thereof or disposed of as otherwise directed in such release.
(c) The bond required in Section 846.04 shall specifically apply to the requirements of this section in addition to the penalty provisions hereinafter set forth.
(1982 Code, § 733.07) (Ord. 82-12. Passed 2-16-1982.)