(a) A pawn shop is the business of receiving property in pledge or as security for money or other thing advanced to the pawner or pledger. The fee is as set by the fee schedule adopted by resolution. A bond is required. Each person so licensed shall keep a written record of each purchase, including date and time of purchase, description of the article and name and address of the person selling the same. This place of business of each licensee shall be open to inspection by law enforcement officials at any reasonable time.

(b) License required. It shall be unlawful for any person to establish or conduct any business of a pawn broker in the Town without first obtaining a license therefor. The term pawn broker shall include any person who engages in the business of receiving property in pledge or as security for money or other thing advanced to the pawner or pledger.

(c) Bond. Every person applying for a pawn broker’s license shall give a surety bond in the sum of two thousand dollars ($2,000.00), to be approved by the Board of Trustees, conditioned upon the faithful carrying out of the provisions of state law and the due observance of all provisions of this Code, and for the safekeeping and return of all articles held in pawn by such pawn broker. (Prior code 27.7; Ord. 293 §9, 1977; Ord. 1161 §5, 2013)