12 of 1909 - Ordinance 12 of 1909 – Defining salary loan agencies, providing for licensing of same, etc. " 1'" + 1N OiDI1QA n u m .
.. , ordinance definingloan agencies; providing for licensing the
(,same, And prescr bang penalty for persons engaging in or carrying on
the business o aOs,loan agency without first procuring a license.
Be it ordayied by the City Council of Salt Lake City, Utah:
SECTION 1. oan agencies,, as oontelnplated in this ordinance,
shall be any person,- firm onx.,eor'poratiof engaging in tie 'business of
j loaning or advancing say,m0 r, or w r.eek or drain fo money upOp,•any 1
ri
,asbigxunent or pledge of earitied or uneafnad sakn'y, wages or earnings,
or-the business of Loaning b!+ dpsnoingyany money, or vhaek or draft
'(,.for money upon any dozrkract,'xtodertaki* ar agreement,;which in 047-
I54 8tanoe and effects aaisigns'; ledges or binds the earne4 or unearned
Isalary4 wages or earnings of the bo•rhs*er as security for such loan
"or advancement.
osn
SSCT208 2. ef�l a gens
very person applying for a license as a y
shall, before receiving such license, pay into the City Treasury a
,(license tax of $100.00 per annum, and shall, before receiving such li-
license, enter into a joint and several bond with corporate or other
(surety to be approved by the Mayor, in the penal sum of $1,000.00
11
'!,dollars conditioned for the faithful observance of all laws and ordi-
Inanoes respecting rloen agencies.
y SECTION 3. my person engaging in or oarrying on the business of
ttrn
,Moan agency without first having obtained a license so to do, and fur
finishing a bond as hereinbefore provided, shall be deemed guilty of a i
misdemeanor, and upon conviction thereof shall be punished by a fine
hof. not more than $300.00, or by imprisonment in the city jail not mor
ii
IIthan six months.
' SECTION 4. All ordinances or parts of ord.inenoes in conflict
liherewith are hereby repealed to the extent of such conflict.
l
SECTION 5. This ordinance shall take effect upon approval.
— fl
Passed by the City Council of Salt Lake City, Utah,
February 8, 1909, and referred to the Mayor for s va •
y eco r er.
y eputy.
Approved. this da o - February, 1909. -%
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