40 of 1936 - Amending Chapter 28 by adding new section 667X, relating to licenses - pawnbrockers special classif ROLL-CALL
VOTING AYE NAY Salt Lake City.Ltah, �J`'i 15
193
Goggin " I move that the ordinance berypassed.
Keyser
Murdoch
ksxx - - i,
1.ee
Mr. Chairman -
AN ORDINANCE
Result
AN ORDINANCE AMENDING CHAPTER 28, Revised Ordinances of
Salt Lake City, Utah, 1934, by adding in and to said Chapter a new
section to be known as Section 667X, relating to licenses.
Be it ordained by the Board of Commissioners of Salt Lake
City, Utah:
SECTION 1. That Chapter :28, Revised Ordinances of Salt
Lake City, Utah, 1934, be and the same is hereby amended by adding
in and to said chapter a new section to be known as Section 667X,
relating to licenses, to read as follows:
SEC. 667X. PAWNBROKERS. SPECIAL CLASSIFICATION.
For the purpose of this ordinance a pawnbroker is hereby de-
fined to be any person who loans or advances money on the se-
curity of pledges of bills, notes or other evidences of debt
or choses in action exclusively, and on which loans or ad-
vances the pledgor shall have the right to redeem any pledge 40
within a period not to exceed six months from the date of any
40 forfeiture at no greater advance than five percent per month
on sums up to and including $50.00 and three percent per month
on sums in excess of $50.00.
It shall be unlawful for any person to engage in the
business of loaning money on the security of the pledge of
bills, notes or other evidences of debt or choses in action as
herein defined, unless such person shall first have procured
from the License Assessor and Collector of Salt Lake City a
license to conduct such business.
Every person applying for a license as pawnbroker
shall, before receiving such license, pay into the city treasury
a license tax of one hundred 400.00) dollars per annun (no -
such license -o be issued for b less period tarn six months),
and shall, before receiving_ such license, execute and deliver
a bond to the city in. the sum of one thousand (4ia.,000.0' )
dollars, eitl- corporate surety, conditioned for the faithful
observance of all ordinances of the city respecting n-
br okers.
inr licensee under this ordinance shall deep a re-
cord of all transactions `lade by him and shall, upon (..emand
ay the Iudi.tor of dolt Lake City, offer for insiection all
contracts, notes, and pled. cs received i.ved by him for the purpose
of determining that said licensee is conformins' to the lams
and ordinances of belt Lake City, provided, hoTevei , that the
number of _inspections so made shall not exceed four .see year;
and further provided that each. licensee shall, won receipt of
said license, pay to the License .'ssessor and Collector of
.;alt Lake City the sum of fifty dollars (tmi3O.30 per annum to
defray the expense of inspection.
Nothing herein cont,hned shall be construed to alter
or modify the provisions of Section 66i of these ordinances re
la.ting to pawnbrokers who loan or advance money on chattels.
The license may be revoked by the aoard_ of Comrissio -
ers for any violation of this ordinance or law of Utah relat-
ing to interest rates or pawnbrokers.
1
IMOTION 2. Any person violeting any provision of this
ordinance shall shall. be punished- e: a fine in .coy sum not exceeding ,_pro
Illuedred Ninety-nine M99.00) Dollars, or by imprisonment in the
1'i.ty jail not longer than six months, or by both such fine and
!'mpri sonment.
I SlCTION 3. In the opinion of the board of Commissioners, I
I
t is necessary to the inhabitants of Galt Lace City tha'l this ordi-
trance moose efiart].ve in ediitcly.
it
I SeC,TION 9. This ordinance shall take effect upon. its first
ubli.ce,.tion.
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VI
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40
ORDINANCE
taunted te the Bead of Comm'elbows
AND PAillatO
136
‘,744.44%.41
CITY rillooRDIM
Pint Publication in
OCT-M-193
52a ePT441444ciTy Ate
•
Proof of jnbitiraItnn
Malta'toted of.1nlertra
STATE OF UTAH ss.
COUNTY OF SALT LAKE
AN ORDINANCE
AN'ORDINANCE AME ND IN
CHAPTER 28, Revised Ordinances
of Salt:Lake City, Utah, 1034, by I, He P. THOP ISOD
'ridding'1n and to said Chapter a
new section to be known as'Section;
687x,relating to,leenspe:::
• - co ini SiOrdained.
n fe eof-Scat'LakO City, being first duly sworn,depose and say that I am the Chief Clerk of
Utah
SECTION I. That Chapter 28.
City,Utah, 1894;be and Salt.• same THE SALT LAKE TELEGRAM,a newspaper,published at Salt Lake
• fa hereby amended by-adding in
and to said chapter a new'section
to he known as Section 887x,Mat-
ing to licenses,to read ae follows:
SECTION BB7x. PAWNBROKERS. City,State of Utah.
SPECIAL' CLASSIFICATION. For
the purpose'of this ordinance'a
any person to hereby or advances That the NoticettN ORDINANCE.
money on the security.of pledges
of bills,notes or other evidences of
debt or chose.In action exclusive- BILL N0. 40
1y,and on which loans or advances
•the.. edeor shall have the right
to redeem any Pledge with'. a;
hsi
frsomdthe date ofx any forfeiture tat
no greater advance than five per SALT LAKE CITY CORPORATION.
cent per month,on.tums up to and
including'850.00,end three per cent
per month on sums in excess of
e60.00.
It shall be unlawful for any per-
aoti to.engage in the business of
' loaning money on the security of
the-pledge of bins,notes or•other of which a copy is hereto attached,was first published in said news-
evidences of debt or choses m action
as herein defined, unless. such
from the ersonnlicensest Aeeeseor.hive slid Col•'
lector of Salt Lake Oily a license Paper in its issue dated the 16th
4o conduct such business.
Every person applying for a I1-
• cense as pav/nbroker shell, before October 193 6
receiving such license,pay into the day of ,
city treasury a license tax of one
hundred($100.00)dollars per annum`'
(no,,such license to be Issued fora and was published in each daily issue of said newspaper, on
less period than six months), and
• shall,before receivingsuch license.
execute and deliver livera a bond to the
city In the sum of one thousand October 16th. for
surety,'
.00) dollars; with corporate
surety;conditioned for the faithful
observance of all ordinances of the •
city respecting pawnbrokers. A/insertion �
Any-I-Wens.under this ordinance thereafter,the full period of One
.shall keep a record of all trans-
;
actions made'by him and ehall.
upon
' "upon demand by the Auditor of
Salt.Lake City,offer for inspection the last publication thereof
all Contracts, notes, and.pledges
retelved'by him'for the nucsoee of
determining that said licensee is
' ' conforming to the laws and,oral• 16th
names of Salt.Lake City,.provided, being in the issue dated the day 0f
however,:that the number of-m-
pectldne.so made:hall not exceed
four per year;and furtller provided October 6_D
that each.licensee shall,.upon re- D.193
mint of sold license, pay to the ,A
Licenseollar. A0.00i.{' and num Collector of
Salt Lake City the sum of fifty `
fray.the
(expens por nspnm to'QE-
SrNothi herein of inspection. •
netruedng to alter,n or modify shall he
prevtrued'of• ecti or 7ifthe
ordinance of Sang t 88awn okers
ordiwho lominces relor.. d to pawnbrokers
rs 19th
who loan or. advance money on day of
chattels. ..' � o before me this
The license.may be revoked by
ti19,egwd of COMMiee}pnere_fos any
-violation of-this ordinance or law
of Dtah relating to interest rates D. 193 .6..
or pawnbrokers. A. ..
/ _
' SECTION-2. Any person violating, -� - , I
• any provision of this ordinance f -
shall-be punished by a fine In any //'m not exceeding Two Hundred . i -Z '. L- r'1..6,._-L-'�.
Ninety-nine-,($28g.00)'Dollars,or by _ V
• imprisonment In the city hill not .. Notary Public.
Longer than six months,or by both
• such fine
and imprisonment.
SECTION9. In'the opinion Of , ""�
the Board of-Commissioners. It 1s W�v .� cl / r/ J
cry to the inhabitants of.Snit
Lake -- /
Lake City that this ordinance:be-
come effective iminediatnly.-
take
eSECTION 4.' This ordinance b shall
take ffeffect'upon'Its first publica-
tion.
Passed by-the Board'of Commis-
Stoners of Salt Lake City,'Utah,this
.1'15th„day of '9
October 1 Advertising fee$
.
• Mayor.
' ETHEL.;MACDONALD, %
BSEARL)n ' City.Recorder.
'Pe4blldhhed Cetober l8th,'i09d." i
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40
PROOF OF PUBLICATION
FROM
'a1# Cakr cGArgrant
% ',
County
Entry No