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PaWnbrokers <br /> <br />§ 7.14 <br /> <br /> corporation <br /> 2. If the applicant is a partnership, the names and addresses of ali <br /> partners shall be included. The Application shall be accompanied <br /> by the Partnerslfip Agreement. <br /> <br />e. The name of the manager or proprietor of the business. <br /> <br /> f. The names, residences and business addresses of three persons, <br /> residents of the State of Minnesota of good moral character, not related <br /> to the Applicant or financially interested in the licensed premises who <br /> may be referred to for the Applicant's character or in the case where <br /> information is required of a manager, the manager's character. <br /> <br /> g. Each application shall be accompanied by a bond in the amount of <br /> $5,000.00 executed by a corporation authorized to do business in the <br /> State of Minnesota and conditioned that in conducting such business the <br /> licensee will observe all laws in relation to pawnbrokers, and will <br /> conduct business in conformity thereto, and that the licensee will <br /> account for and deliver to any person legally entitled any goods which <br /> have come into the licensee's possession through the licensee's business <br /> as a Pawnbroker and/or Secondhand Goods Dealer, or in lieu thereof, <br /> will pay #he reasonable value in money to the person. Such bond shall <br /> be m~.inta~ned so long as the licensee does business in the City. The <br /> Bond shall be for the benefit of the City or any person who shall suffer <br /> any damage through the act of such licensee and shall not be terminable <br /> without the bond company giving written notice 30 days in advance of <br /> termination to the Administrator. <br /> <br />h. Each application shall be accompanied by a statement indicating the <br /> amount of investment the Applicant has in the business, building, <br /> premises, fixtures, furniture, stock in trade, etc. and proof of source of <br /> such money. <br /> <br /> If the Applicant is a natural person, the application shall be signed and <br /> sworn to by the person; if a corporation, by an agent authorized to sign; <br /> if a partnership, by a parmer. <br /> <br /> ' No person shall make any material false statement in the application. In <br /> addition to other penalties, the licensee's license may be revoked by the <br /> Council for giving false information on the application. <br /> <br /> ~ Subd. 3. Investigation Fee. An applicant for a license pursuant to this <br />S~ction shall deposit with the City at the time an original application is submitted, $1,500.00 to <br />cCver the costs involved in verifying the license application and to cover the expense of any <br />ir~vestigation needed to assure compliance with this Section. <br /> ~ If the investigation and verification process is conducted solely within the State of <br />~innesota, the fee shall be $500.00, and the remainder of the deposit shall be returned to the <br />a~plicant. If the investigation and verification process is conducted outside the State of Minnesota, <br />t~e City may recover the actual investigation costs not exceeding $1,500.00. <br />~ Subd. 4. Expiration of License. Ali licenses shall expire one year after <br />i~suance unless earlier renewed. Anew application fee shall be required whenever there is any <br />change in the facts presented by the application other than date, applicant(s) home address or <br />building owner(s) address, or in the case of any license not renewed prior to its' expiration. <br /> <br /> Subd. 5. Persons and Locations Ineligible for a License <br /> <br />I <br />! <br />I <br /> <br /> I <br /> I <br /> <br /> I <br /> I <br />I: <br />I' <br />I <br />I <br /> <br />! <br />I <br />I <br /> <br /> <br />