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Ordinance No. 1077 10-28-1996 ORDINANCE NO. 1077 AN ORDINANCE RECODIFYING THE FRIDLEY CITY CODE, CHAPTER 31, ENTITLED PAWN SHOPS, BY AMENDING SECTION 31.01, DEFINITIONS, SECTION 31.02, LICENSE REQUIRED, AND SECTION 31.12, RESTRICTED TRANSACTIONS The Council of the City of Fridley does hereby ordain as follows: 31. PAWN SHOPS 31.01. DEFINITIONS The following words and terms when used in this Chapter shall have the following meanings: 1. Licensee. The person, corporation, partnership, or association to whom a license is issued under this Chapter including any agents or employees of the person, corporation, partnership, or association. 2. Minor. Any natural person under the age of eighteen (18) years. 3. Pawnbroker. A person, corporation, partnership, or association who loans money on deposit or pledge of personal property or other valuable things or who deals in the purchasing of personal property or other valuable things on condition of selling the same back again at a stipulated price or who loans money secured by security interest on personal property or any part thereof. This Chapter does not apply to a person, corporation, partnership, or association doing business under and as permitted by any law of this State or of the United States relating to banks, building and loan associations, savings and loan associations, trust companies or credit unions. 4. Public Safety Director. The Public Safety Director of the City of Fridley or the Director's designee. 5. City. The City of Fridley, Minnesota, a municipal corporation. 31.02. LICENSE REQUIRED. No person, corporation, partnership, or association shall exercise, carry on or be engaged in the trade or business of pawnbroker without first obtaining a license from the City as provided in this Chapter. Page 2 -- ORDINANCE NO. 1077 31.12. RESTRICTED TRANSACTIONS. 1. No licensee nor any agent or employee of a licensee shall purchase, accept, or receive any article of property from any person on any day of the week before 7:00 a.m. or after 10:00 p.m. 2. No licensee nor any agent or employee of a licensee shall purchase, accept, • or receive any article of property from any minor or from any person of unsound mind or from an intoxicated person. 3. No licensee nor any agent or employee of a licensee shall purchase, accept, or receive any article of property which contains an altered or obliterated serial number or an article of property whose serial number has been removed. 4. No licensee nor any agent or employee of a licensee shall purchase, accept, or receive any article of property knowing, or having reason to know, that the article of property is encumbered by a security interest. For the purpose of this section "security interest" means an interest in property which secures payment or other performance of an obligation. 5. No licensee nor any agent or employee of a licensee shall purchase, accept, or receive any article of property, from any person, knowing, or having reason to know, that said person is not the true and correct owner of the property. 6. No licensee nor any agent or employee of a licensee shall purchase, accept, or receive any article of property, from any person, without first having examined a valid photo driver's license or valid photo identification card issued by the state of residency of the person. PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 28TH DAY OF OCTOBER, 1996. 1441144wr, /1- WILLIAM J. N - MAYOR ATTEST: _ ‘ 1 , A. CHAMPA - CIT CLERK First Reading: October 14, 1996 Second Reading: October 28, 1996 Publication: November 7, 1996