(a) “Pawnbrokers” shall include any person who:
(1) Engages in the business of lending money on the deposit or pledge of personal property other than choses in action, securities or written endeavors of indebtedness; or
(2) Purchases personal property with an express or implied agreement or understanding to sell it back at a subsequent time at a stipulated price; or
(3) Lends money upon goods, wares or merchandise pledged, stored or deposited as collateral security.
(Ord. 23-1979 §1. Passed 12-4-79.)
(b) "Dealers in second-hand goods" includes any person who otherwise in the normal course of business purchases personal property not from a retail or wholesale entity or auction for the purposes of reselling the property."
(c) "Target goods" means jewelry, cameras and photographic equipment, cold coins or bars, silver bars, copper tubing electronics equipment such as televisions or VCRs or radios or computers or computer equipment or microwave ovens, antiques, currency collectibles such as coins or stamps, and any other item of value likely to be the subject of criminal activity such as burglary or theft. Hereafter, the City police may update this definition by sending a list of categories of “target goods” to pawnbrokers and dealers in second hand goods identifying themselves as such on their Mercantile License.
(Ord. 6-1996 §1,2. Passed 5-7-96.)