Agenda - Council - 02/14/1995 - Laserfiche WebLink

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I I I I I I I I I I I w~ill account for and dclivcr to any person legally cntitlcd any goods which havc come into the licensee's hand through the licensee's business as a Pawnbroker a~tYor Secondhand Goods Dealer, or in lieu thereof, will pay the reasonable value in/money to the person. SUch bond shall be maintained so long as the licensee does business as such for the b~nefit of the City or any person who shall suffer any damage through the act of s~ch licensee and shall not be terminable without the bond company giving written not, ce 30 days in advance of termination to the City Administrator. (h) Each Application shah be accompanied by a statement indicating the amount of inVestment the Applicant has in the business, building, premises, fixtures, f .tLmimre, stock in trade, etc. and proof of source of such money. If the At~licant is a natural person, the application shall be signed and sworn to by the person; if~ a corporation, by an agent authorized to sign, ff a partnership, by a partner. No perso~t shall make any material false statement in the application. In addition to other penaltiesi the licensee's license may be revoked by the City Council for giving false informatibn on the application. All licenses shall expire one year after issuance unless earlier renewed. A new application fee shall be required whenever there is any change in the facts presented by the application other tha~ date, applicant(s)' home address or building owner(s)' address, or in the case of any licenge not renewed prior to its' expiration. SECTION 130.124. RECORDS REQUIRED. (a) (b) Every pawnbroker purchasing or receiving on deposit for a loan any article of personal property shall give to the person selling or depositing such article a plain written or printed ticket or receipt for the article so sold or deposited, showing the te~'ns of such sale or loan. E!~ch licensee hereunder shall keep a record of each transaction made in the course of his business. Such records shall be in a form prescribed by the City Administrator and shall, in all instances, be legibly made in ink and be in the E~glish language. The records so kept shall include the following information a~ut each transaction: (1) The name, address, and date of birth of the person pledging or selling the item. (2) The time and date of the transaction. - (3) A complete description of the item pledged or sold, including all identifying numbers and identifying marks. (4) A physical description of the person pawning or selling the item, including: a. race b. sex c. height d. weight e. color of eyes f. color of hair The amount of money paid or loaned for the item. "' The signature of the person pleading or selling the item. The identification number from any of the following forms of identification of the seller: a. valid driver's license containing a picture (5) (6) (7)