HomeMy WebLinkAbout55 of 1925 - Relating to pawnbrokers ROLL CALL
VOTING AYE,.NAY
Salt Lake City,Utah,._._..._._➢E.G. 8., 192.5.,
Barnes
Burton I move that the ordinance be passed.
Finch T
Green
SRWww
4;07'
Mr. Chairman
Result AN ORDINANCE
AN ORDINANCE AMENDING SECTION 1294, Revised Ordinances
of Salt Lake City, 1920, relating to pawnbrokers.
Be it ordained by the Board of Commissioners of Salt.
Lake City, Utah:
SECTION I. That Section 1294, Revised Ordinances of Salt
Lake City, 1920, relating to pawnbrokers, be and the same is hereby
amended to read as follows:
SEC. 1294. PAWNBROKERS. It shall be unlawful for any
person to carry on the business of a pawnbroker, or the busi-
ness. of loaning or advancing money,or- check or draft for money
on the deposit or pledge or bailment of personal property of
any kind as security for such loan or advancement, or the
business of loaning or advancing money or check or draft for
money in any transaction or transactions in the form of a sale
of personal property wherein the personal property involved,
under agreement, is to be or may be repurchased by the vendor,
pledger, bailor or depositor within an agreed time upon the
payment of an agreed sum, or any sum in excess of the real sum
so loaned or advanced, or the business of loaning or advancing
money or check or draft for money upon a chattel mortgage or
mortgages on personal property where the personal property in-
volved or any part of the same is taken into the custody or
possession of the person advancing such money, or his agent or
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trustee, (but not including the business defined in Section
1313 of salary loan agencies) without previously having ob-
tained a license so to do in accordance with the provisions
hereinafter contained and set forth. A sign or advertise-
ment indicating that any person is engaged in any of the
above kinds of business shall be received as prima facie evi-
dence against such person that he is engaged in the business
or pursuit therein advertised. Every person engaged in any
business or pursuit above mentioned is hereby declared to be
a pawnbroker, and shall pay the same license fee and receive
the same license as a pawnbroker, and shall be governed and
bound by all ordinances and regulations concerning pawnbrokers
in so far as the same pertain to licenses and license fees.
Every person applying for a license as pawnbroker
shall, before receiving such license, pay into the city
treasury a license tax of one hundred ($100.00) Dollars per
annum (no such license to be issued for a less period than
six months), and shall, before receiving such license, exe-
cute and deliver a bond to the city in the sum of One Thou-
sand ( 1,000.00) Dollars, with corporate surety, conditioned
for the faithful observance of all ordinances of the city
respecting pawnbrokers.
SECTION 2. In the opinion of the Board of Commissioners
it is necessary to the peace, health and safety of the inhabitant:
of Salt Lake City that this ordinance become effective immediatel,.
SECTION 3. This ordinance steal take effect January 1,
1926.
Passed by the Board of Commissioners of Salt Lake City,
Utah, this \ -- day of \��� , A.D 1925.
/
Mayor.
City Recorder.
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