HomeMy WebLinkAbout0825 Ord (Pawnbrokers)
.
~
r
I
I
.
ORDINANCE NO. 825
AN ORDINANCE REGULATING PAWNBROKERS
THE CITY COUNCIL OF THE CITY OF STILLWATER DOES ORDAIN:
Subd. 1. PAWNBROKER.
(a) Except as provided in paragraph (b), "pawnbroker" means a person engaged in
whole or in part in the business of lending money on the security of pledged
goods left in pawn, or in the business of purchasing tangible personal property
to be left in pawn on the condition that it may be redeemed or repurchased by
the seller for a fixed price within a fixed period of time.
(b) The following are exempt from the definition of "pawnbroker": any bank
regulated by the State of Minnesota, the comptroller of the currency of the
United States, the Federal Deposit Insurance Corporation, the board of governors
of the Federal Reserve System or any other federal or state authority and their
affiliates; any bank or savings association whose deposits or accounts are eligible
for insurance by the Federal Deposit Insurance Corporation or any successor to
it and all affiliates of those banks and savings associations; any state or federally
chartered credit union; and any industrial loan and thrift company or regulated
lender subject to licensing and regulation by the department of commerce.
Subd. 2. PAWNSHOP. "Pawnshop" means the location at which or premises in which a
pawnbroker regularly conducts business.
Subd. 3. PAWN TRANSACTION. "Pawn Transaction" means any loan on the security of
pledged goods or any purchase of pledged goods on the condition that the pledged goods are left with the
pawnbroker and may be redeemed or repurchased by the seller for a fixed price within a fixed period of
time. ~
Subd. 4. PERSON. "Person" means an individual, partnership, corporation, limited liability
company, joint venture, trust, association, or any other legal entity, however organized.
Subd. 5. PLEDGED GOODS. "Pledged Goods" means tangible personal property other than
chosen in action, securities, bank drafts, or printed evidence of indebtedness, that are purchased by,
deposited with, or otherwise actually delivered into the possession of a pawnbroker in connection with
a pawn transaction.
Subd. 6. LICENSEE ELIGIBILITY.
(a) To be eligible for or to maintain a pawnbroker license, a person must operate
lawfully and fairly within the purposes of State law and this ordinance and:
(1) May not be a minor at the time that the application for a pawnbroker's
license is filed;
1
!.
(2)
may not have been convicted of any crime directly related to the
occupation licensed as prescribed by Minnesota Statutes ~364.03,
subdivision 2, unless the person has shown competent evidence of
sufficient rehabilitation and present fitness to perform the duties of a
licensee under this chapter as prescribed by Minnesota Statutes ~364.03,
subdivision 3; and
must be of good moral character or repute.
(3)
(b) Any change, directly or beneficially, in the ownership of any licensed pawnshop
shall require the application for a new license and the new owner must satisfy all
current eligibility requirements.
.
Subd. 7. PAWN TICKETS.
(a) ENTRIES OF PAWN TICKETS. At the time of making the pawn or purchase
transaction, the pawnbroker shall immediately and legibly record in English the
following information by using ink or other indelible medium on forms or in a
computerized record approved by the municipality:
(1) a complete and accurate description ofthe property; including model and
serial number if indicated on the property;
(2) the full name, residence address, residence telephone number and date
of birth of the pledgor or seller;
(3) date and time of pawn or purchase transaction;
(4) the identification number and state of issue from one of the following
forms of identification of the seller or pledgor: current valid Minnesota
driver's license; current valid Minnesota identification card; or current
valid photo identification card issued by another state or a province of
Canada;
(5) description of the pledgor including approximate height, sex and race;
(6) amount advanced or paid;
(7) the maturity date of the pawn transaction and the amount due; and
(8) the monthly and annual interest rates, including all pawn fees and
charges.
Subd.8. PRINTED PAWN TICKET. The following shall be printed on all pawn tickets:
(a) the statement that "Any personal property pledged to a pawnbroker within this
state is subject to sale or disposal when there has been no payment made on the
account for a period of not less that 60 days past the date of the pawn
transaction, renewal, or extension; no further notice is necessary. There is no
obligation for the pledgor to redeem pledged goods. ",
(b) the statement that "The pledgor of this item attests that it is not stolen, it has no
liens or encumbrances against it, and the pledgor has the right to sell or pawn the
item.";
(c) the statement that "This item is redeemable only by the pledgor to whom the
receipt was issued, or any person identified in a written and notarized
authorization to redeem the property identified in the receipt, or a person
identified in writing by the pledgor at the time of the initial transaction and
signed by the pledgor. Written authorization for release of property to persons
.
2
.
other than the original pledgor must be maintained along with the original
transaction record. "; and
a blank line for the pledgor's signature.
(d)
Subd.9. RECORDS: RETENTION.
(a) The pledgor or seller shall sign a pawn ticket and receive an exact copy of the
pawn ticket.
(b) The pawnbroker shall maintain on the premises a record of all transactions of
pledged or purchased goods for a period of three years. These records shall be
a correct copy of the entries made of the pawn transactions. A pawnbroker shall
upon request provide to the appropriate law enforcement agency a complete
record of pawn items.
Subd.l0. EFFECT OF NONREDEMPTION.
(a) A pledgor shall have no obligation to redeem pledged goods or make any
payment on a pawn transaction. Pledged goods not redeemed within at least 60
days of the date of the pawn transaction, renewal, or extension shall
automatically be forfeited to the pawnbroker, and qualified right, title and interest
in and to the goods shall automatically vest in the pawnbroker.
(b) The pawnbroker's right, title and interest in the pledged goods under paragraph
(a) is qualified only by the pledgor's right, while the pledged goods remain in
possession of the pawnbroker and not sold to a third party, to redeem the goods
by paying the loan plus fees and/or interest accrued up to the date of redemption.
(c) A pawn transaction that involves holding only the title to property is subject to
Minnesota Statutes chapter 168A or 336.
.
Subd.11. PERMITTED CHARGES.
(a) Notwithstanding any other statute, ordinance, rule, regulation or section 325J.13
of Minnesota Statutes, a pawnbroker may contract for and receive a pawnshop
charge not to exceed three percent per month of the principal amount advanced
in the pawn transaction plus a reasonable fee for storage and services. A fee for
storage and services may not exceed $20 if the property is not in the possession
of the pawnbroker.
(b) The pawnshop charge allowed under paragraph (a) shall be deemed earned, due
and owing as of the date of the pawn transaction and a like sum shall be deemed
earned, due and owing on the same day of the succeeding month. However, if
full payment is made more than two weeks before the next succeeding date the
pawnbroker shall remit one-half of the pawnshop charge for that month to the
pledgor.
(c) Interest shall not be deducted in advance, nor shall any loan be divided or split
so as to yield greater interest or fees than would be permitted upon a single,
consolidated loan or for otherwise evading any provisions of this section.
(d) Any interest, charge or fees contracted for or received, directly or indirectly, in
excess of the amount permitted under this section, shall be uncollectible and the
pawn transaction shall be void.
(e) A schedule of charges permitted by this section shall be posted on the pawnshop
premises in a place clearly visible to the general public.
:.
3
.
.
.
Subd. 12. RECORDS: PROHIBITIONS. A pawnbroker and any clerk, agent, or employee of
a pawnbroker shall not:
(a) make any false entry in the records of pawn transactions;
(b) falsify, obliterate, destroy or remove from the place of business the records,
books, or accounts relating to the licensee's pawn transactions;
(c) refuse to allow the appropriate law enforcement agency, the attorney general, or
any other duly authorized state or federal law enforcement officer to inspect the
pawn records or any pawn goods in the person's possession during the ordinary
hours of business or other times acceptable to both parties;
(d) fail to maintain a record of each pawn transaction for three years;
(e) accept a pledge or purchase property from a person under the age of 18 years;
(t) make any agreement requiring the personal liability of a pledgor or seller, or
waiving any provision of this section, or providing for a maturity date less than
one month after the date of the pawn transaction;
(g) fail to return pledged goods to a pledgor or seller, or provide compensation as
set forth in section 325J .09 of Minnesota Statutes, upon payment of the full
amount due the pawnbroker unless either the date of redemption is more than 60
days past the date of the pawn transaction, renewal, or extension and the
pawnbroker has sold the pledge goods pursuant to section 325J .06 of Minnesota
Statutes, or the pledged goods have been taken into custody by a court or a law
enforcement officer or agency;
(h) sell or lease, or agree to sell or lease, pledged or purchased goods back to the
pledgor or seller in the same, or a related, transaction;
(i) sell or otherwise charge for insurance in connection with a pawn transaction; or
(j) remove pledged goods from the pawnshop premises or other storage place
approved by a municipality at any time before unredeemed, pledged goods are
sold pursuant to section 325J .06 of Minnesota Statutes.
Subd. 13. REDEMPTION: RISK OF LOSS. Any person to whom the receipt for pledged goods
was issued, or any person identified in a written and notarized authorization to redeem the pledged goods
identified in the receipt, or any person identified in writing by the pledgor at the time of the initial
transaction and signed by the pledgor shall be entitled to redeem or repurchase the pledged goods
described on the ticket. In the event the goods are lost or damaged while in possession of the
pawnbroker, the pawnbroker shall compensate the pledgor, in cash or replacement goods acceptable to
the pledgor, for the fair market value of the lost or damaged goods. Proof of compensation shall be a
defense to any prosecution or civil action.
Subd.14. MOTOR VEHICLE TITLE PAWN TRANSACTIONS: SPECIAL PROVISIONS.
(a) In addition to the other requirements of this chapter, a pawnbroker who holds a
title to a motor vehicle as part of a pawn transaction shall:
(1) be licensed as a used motor vehicle dealer under section 168.27 of
Minnesota Statutes, and post such license on the pawnshop premises;
(2) verify that there are no liens or encumbrances against the motor vehicle
with the department of public safety; and
(3) verify that the pledgor has automobile insurance on the motor vehicle as
required by law.
(b) A pawnbroker may not sell a motor vehicle covered by a pawn transaction until
90 days after recovery of the motor vehicle.
4
:.
.
.
Subd. 15. PAWNSHOP LOCATION. No pawnshop shall be located within one driving mile
of any church or school, and only in the Business Park Commercial Zoning District. No pawnshop,
lawfully operating as of the date of the enactment of this section, shall be required to relocate or close
as a result of this section.
Subd. 16. VIOLATION. A violation of this chapter by a pawnbroker or pledgor is a
misdemeanor.
In all other ways the City Code shall remain in full force and effect.
This Ordinance is effective this 29th day of October, 1996.
CITY OF STILLWATER
~1~//
BY~
ATTEST:
~LU~
eldon, City Clerk
Publish: Stillwater Gazette
November 11, 1996
5
,)
AFFIDA VIT of PUBLICA TION
State of Minnesota, )
) ss.
County of Washington )
~tilltuater <fbening ~a?ette
PO Box 58,102 S 2nd St, Stillwater, MN 55082
Phone: 612-439-3130 Fax: 612-439-4713
Mike Mahoney, being duly sworn, on oath says that he is the Publisher or authorized agent and employee of the publisher of the newspaper
known as Stillwater Evening Gazette, and has full knowledge of the facts which are stated.
A. The newspaper has complied with all of the requirements constituting qualification as a qualified newspaper, as provided by Minnesota
Statute 331A.02, 331A.07 and other applicable laws, as amended.
Printed below is a copy of the lower case alphabet from A to Z, both inclusive, which is hereby acknowledged as being the size and kind of
typed used in the composition and publication of the notice.
abcdefghijklmnopqrstuvwxyz
q&:,
DE'?'" \ I<. COLBURN
r:ov,,, '''~UC. f,J!NNcSOTA
My CO::::;..'...:n Expires Jan. 31. 2COO
,
~.",
Subscribed and swom to before me on this
~Lt<~~ 6:iJ~~bM'
N tary Public
,19
Jml#
3114
Date
Received Payment
.19
Business Name
11-12-96
.
Pages
1 of 1
~it'J of Stillwater
..... 216 N 4th St
Still-water} MN
55082
City of Sti1lw ater
216 N 4th St
Stillwater} MN
55082
No. of
Documents
Co!. # of Days
Inches Published
Description/Dates of Publication
Unit
Rate
Total
Amount
37.25 1 f1.H\
Ordin~ N,). 825
11/11/96
3.500
130.38
..-,r" -.....:.
~:-.~
>'~-------Lb..
~.;..;.J.....it".-.'
r-;~"'---~-~'
. ~;~~-'I~.S~;A-;.,.,
;~'." ... . -':- ...- -
~~aximum rate per column inch under
.) ~O~01a low"7.50 "" 12-"'" """~.
Stil1w'ater f"y.t>oir'9 Gazt>Ut> P.O. Box 58 Stillwatt>r r1N 55082
Total Amount
130.38
~ ,-
::1111_1>>+'
IWnrng (.IazetIe,Mov.1't.1986
ORDIfitANeEiNO. '"
Nf. ORDINANCE MGULA' ';':l
,PAWNBROKERS ".'
THEOlTY OOUNCIL OF THE CITY OF
STUWA'fER DOES ORDAIN:
$ubd. 1. PAWNBROKER,
(8) Except as provided In p~ (b),
-pawnbrOker"rneans a person engaged
In whole or In part In the bU$ln$ss of
IencltY.Jmoney onthesecur1ly of pledged
gooctSleft il'\pawn, orin the buSiness of
purcha$ing tangble pel$Onlil property
~be left In pawn on the c()ndition tl)at it
maY Wredeemed or repurchased by
the $8IIer for a flKed price within a fixed
Peri!ld of time. . .
(b) The 101lowlng !lre exempt from the
,',defIt'lItIon of "pawnbroker": any bank
regutatedby.the State of Minnesota,
thlt~ of the currency of. the
UnIted States, the Federal Deposit
JnsUI'al1Ce. Corporation, the bo.d of
goY811\01S of .the 'Federal Reserve
t'lyslenjor arf'J other f~ or .....
~and their affiliate$; lmY bank
or ~ assocIationwhose depOllll
.oraccountsareellQbleforinsuranceby
the. Federal Deposit, Insuranee
CofpOratIlm or any successorto . end
aIIatflf\ates of those banks and savings
8S$OCiations; any state or federa\ly
.c;hlIltereda'ed union; and any indUstrl8l
~ and thrtlt company or regulated
tend8rsubjeetto Ilcenslrtg andregulldlon
by the department of commerce.
~.2.,PA~OP. "Pawnshop......ns
thlt ~.a.t wtJiCh' or premises, in ,which a
pIIIWnIil.rtegularly conducts business,
.$lIbd'~' PAWN TRAN$I\C)IQN."Pawn
T~means arf'J loan on the S$CIJrlyof
JlIIdIIieIffloodSorarf'J purchase of pledged
0004IUl!lthlt QOndltlonthatthe pledged goods
.... teftWllhttle'pawnbrokerand may be
redeeme<tPftepurchased by the seller for a
IIJI8cI ~,.1NI\hIn a fixed period of time.
SUbd',4..~. .p~n' means an
lnclIvldIlet;.p8ItMl'Shlp, corporation, ,limited
~'company,jOIrtY8ntur:e, trust,a$SOCiatlon,
fir .,.other tegaI en1flY. however organiZed.
SUtKI. 5. fUDGED GQODS. "Pledged
~meal1$tlIngIbIeper$onalproperty other
.......lnlldlOn, securities. bankdr'afts. or
........ eWldiiiiileOl'~;'Illat-Mi'"
.plIClhUeCt by.depOSlted witfI, or otherWIse
.-. deIl\Iered Into the possession of a
p~ker In connection with a ,pa,wn
~">"'"
.&IIllt,,'L~EElIGlBILITY.
(alTo ~allgible for or to, maintain a
~erllcel"lS6... a pel$On must
,..-etawluliy 81IdJairtywlthln the
.pu1liJI)S8Sof statetawandthisordlnanCe
. andl ~'~ .
(1) May. not bea minor at thetilnethat
the application for a,pawnbroker's
lcel"lS6 Is filed;
.... (2) may not have been COllVicted of any
'.. crime directly related to the
occupation Hcensed as prescribed
byMIMesofa . Statutesll364.03,
~n 2, unless . the person
haS sbowrl col1Jl6tent evidence Of
sufflclentrehabHltatlon and present
fitneSS to perfonn the duties of a
ttcensee ,under this, chapter as
~ by Minnesota Statutes
.' ~.()3. ;9UbdiVlsion~; and
(~) rtlUs1 be of good moral character or
AlJlufe.
~'r'.) 4rw~~.~})rbepeflc;lally, in
",_~of q\lcel1sedpawnsOOp
.... .... the *PPI\Cllfion for a new
...... 8RcIthe new owner nwllt satisfy
II c:uftr8nt eIIglbIIIty requIrementS.
\
.....,.~~. . ,-
~Of'PAWN TlCKETS.Nlhetlme
.. ......_ .-n or ~. tarudIOn.
.. ...-1IlfaIlIr ... IlNnI .lIm- - ~
NlClold ~. Et.1JIISb u,. folloWlng Ir1forrnIll\OI1 by
using lnkoro1her ~ medlomon fOmlsor
Ina ~record approved by the
~,
(l)a~andaccurate c.tesa1>tion
of the property; Including model and
serial number " lndica'ed on the
., property;
00 the. full name, residence address,
residence telephone number, and
!:fate of birth of the pledgor or seller;
'.(3}dat8andflme of pawn or purctlaSe
. " transaction; , ' . '
.' ,(<$) tfieidentlfiCation lIUn1>er and .....
Of \s$\I8from one, of the foflowlng
fotm$ ofJdentlfl(.atlon of the seier
orpiedgor: current valid Mlrmesota
dJl\lef's license; current valid
M\nnesofa ldent"icatlon card; or
cMrent' valid photo identificatiOn
,card Issued by another state or a
.PfOVInce of Canada;
(5)<*tscrlptlon of the pledgor including
. ". 8ppll>ximate height, sex and race;
(6) amount advanced or paid;
(7) tile maturity date of the pawn
~ and.the amount due;
8RcI
(8)..monthIyandannualinterest.....
lncIUdIngaUpawrlteesandchllge8.
SWd..8, PRINTED PAWN TICKET. The
~~be printed on all pawntldGlls:
"~,..;::.,,:,~~"":=
state Is subledto sale or disposal......
there has been no payment made on
. .. account for a period of not _1lIIII
,$cIays paslthe .dateofthe JIIIIWR
. ttarlSllClllon,renewal,or extension; no
. iudhe\' nottcels necessary, There 18 no
obligation for the pledgor to redHm
pledged goods."' .
(brIM statement that "The pledgor of thII
. :" ,: ailm a1t&ststhat ills not stolen,lth18 no
.. ~encum\Jl'al1C$S agatnst It, end
the~orhastherlghtto sell or pawn
.,the.em."; .
(c) the . statement that "This Item Ie
f8deemabIe only by the pllldgOl'to whOm
the ~ well Issued. or arf'J Person
~in a wrmen and notariZed
. MIthOrization to redeEll1lthe proper!Y
~. In the, rece"', or a person
IdIInlttled In wrIIlng by the pledgor at the
,lime of the lnItIaitransactlon and signed
bYttte pledgor. Writtenaufhot'\Zlllonfor
..... .of property to persons ofher
than.. the original. ple4gOf 1llUIt. be
maintained a\Ot1g ,with, the. original
tnInllIlCIlon record."; and" '.'
(d)atJl8r!k ~ for the pledgor'ssignatl.lre.
SUbd. 9. BJ'r.nRDS: RFTI;NTI9N.
(8) ')'he ptec:tgor or seller shall sign a pawn
ticket and recel\le an exaetcop)' of the
(b) .f:':~r snail matrltain on the~
pIMIIM$'ueeord of aD transactIonS of
plldgldor~goOdsfOtaperiod
.
of three yeMi. TheIe NCXIrd88he1lbe a
COMet copy of the entrlesJflllde of the
pawn~lons. A pawnbroker shall
uponrelll8st~toth\.iapproprlate
,.~lt ~ acomp\ele
~"pawn Ilerns.
SUbd. 10. EFFECT OF ~EDEMPTlON
<a> A pledgor .....have no obligation to
redIem pledged goods or make any
payment on _pawn tr;msactlQn.
Pledged goods not redeemed within at
least 60 days 01 the date of the pawn
transaction. renewal orAlCIIlll!linn shall
automatically be forfeited to tM-
pawnbroker, and qualified right, tflIe
and interest in and to the goods .....
automaticallY vest in the pawrt>roker.
(b)The pawnbroker's right, title and Ir1IenIIII
in the pledged goods under paragrIlph
(a) Is qUal"1ed only by the pIedgor's
right, WhilethepledgedgoodsRMl'l8inin
possession of the pawnbroker and not
sold to a third party; to redeem the
goods by paying the loan plus f_ eIvJI
or interest accrued up to the dIIIle of
redemption.
(c) A pawn transaction that involves holding
only the title to property Is sltljld to
Minnesota StallJl~ chapter 1e8A or
336.
SUbd.11. PERMITTED C~~~. .
(a) NotWIthStanding any. othetstatute,
ordinance, rule. reg!illatlon or section
325J. 13 of Minnesota Statules, a
pawnbroker may contract for and
...celll~ a' pawnshOp. charge' not to
exceed three percent per month of the
pfincipal anlOtlnt adVanced in t_pawn
transaction plus a fe8SOflabte fee for
storage and services. A fee forlllonllClll
and services may not exceed $20 If lie
property Is not In the possession of the
pawnbroker.
(b) The pawnshop Charge alloWed under
paragrapll (a) $hall be deemed~
due and owing as of the date of th~
pawn transactlori and a like sum shall.
be deemed eamed.due and owing on
the same day ofthe!lUCCeedlngmonth.
However, iI fun payment Is made more
than . two, weeks. b~fore.' the next
succeeding dat~ the pawnbroker shall
remit one-half of the pawnshop cnarge
for that month to the pledgor.
(c) Imerest sha¬bededucted III advance
nor iIhalI aFPf.108ntle dWlded<< split';
liS tQ.yfeId greater interest or fee$ than
would . be Penl1llted cupon' a ' sirIgfe.
consOlidated loan or for othetwise
evli!dlOO any prtwlslOOs of this section.
(~Any interest,'charge or fees contracted
for or received, directly or Indlrectty, in
excess of the amountpermilted under
this section, shaH be uncolleCtible and
the pawn trallllaction shatl. be vol(!.
(e) A schedule Of Charges permitted by this
sedlonshalitlepostedonthepawnllhop
premlees in a place dearly visible to the
general public.
I
.
",..
--
f
SUbd.12. RECORDS' PROHIBIl:IONS. A
pawnbroker lIIld WY/ cIeI1(, agent~ or~"
of a pII'MtMoIIIr lIhaII not:
(a) make any false entry in the records of
pawn transaclions;
(b) falsify, obliterate, destroy or ~
from the place of busineSS the rec;ord$.
books, or accounts relatinQ to the
licensee's pawn tral1$aclionS;
(c) refuse to allow the appropriate law
enforcement agency,the.attorney
general, or any other dUly. authOrized
state orfederal law enklrt:8ment officer
to Inspect the pawn records or tInf
pawn goods in the person'sposse68ioft
durlngtheordinarYfloW'sOlbusinMaOl' .
other un- acceptable to both partlI8;
(d) faU to m8lnt$lnarecotO of each pawn
transaction lor three y.-s;
(.) acolIPt ap~ ~~~
from. peJ8l)n ~_lIlglfllt"
years;.........'
(I) maf<e:anyagreement requ~ the
~ IiIibIIlty of.aflledgl:ltW......
or waiving any proviSion of this sedIOn,
or p.f9Vk!lng for a matl.lrilydate Ins
thanonernOmha1l.fthe~ of"
pawn traI'lsaalOO; .~
(0) fall to return pledged goods toapledUlW
or seller, or. provl(t8. (lOrnpeneatIon ..
set fOM 10 sectIon325J.09of MiImelJOlI.
Statlltes. upon. payment of.1heful
amount due thepaWl1>rok~ unIe88
either the date of reder11>tiOrl. is Iftlft
than 60 days past the date of thepawn-
transaction, renewal, or extenSion and
the pawnbro'- has sold the pledge
goodsPlJl'SUllnt to sedIOtl. 325J.06of
Minnesota.. Statutes, or \tl8 . pledged
goods have been taken InU>custadyby
a court or a laW enforcement officer or
agency; . ..,
(h) SQllor lease,.or agree to Sell or lease,
pledged or purchaSed goods baqk tl)
the pledgor or seller In the SliIIle, or a
related, transaction;
(I) sellorothe.~ for itlsU~ in
connection with apawn\raflS8CliOll; or
(i) remove pfedged goods from. the
pawnshopprernlses or other $lorage
place approvedby a munlCipaIIIy at any
time. before unrede~, pledged
goods. are sold ~ .to section
325J.06 of Minnesota Stat1at$S.
Subd. 13. REDEMPTION: FlI8K PI" I,,08S.
Any parson to whom tl)e ~ for pledged
goods was Issued, or any person ili$ntIfled in.a
Wl'lllen.and notari1J!ld"'lQl~to Meem
the pledlJed goods identlfte(f in'IIe~1 or
any person ldetltIfledinwrillnlJby1he lQdgor at
ttlij time of the 1nIlIaI1ranstIlC1ic)n and$lgnedby
the pledgor S\laII be'~to redeem or
repurchase the. pledged goods .da$Crlled. .on
the'tlCket.lh the event the goods are lost or
damagedwhile1npOSselJSlonolthepawnbroker,
the pawnbroker Sl"lall COfIl)8nsafethe pledgor,
incashorreplllcement gool:IIl~l!llleto the
Pledgor, tor the fair market v.- cifthe IoeI or
~ goo$. Proal of ~Ion lIhaII
be a deIen&e to any prosecution or cIlIIlC1lon.
SlIbd. 14. MQTM \&~J F nn.E PAWN
~T~' SPEC~PROV~.
(a).InadtllntotheClllWIIJ. ....._of
thlsch8pler,a~wtIoholdsa
title toa motor vehiCle aspaft of a pawn
trarisaction shall:
('t) be lfcenlled. aUlSed motorvehide
~under ~ion 168.27 of
MIllne$OtaStatutes, ami post such
. ~Ofttl'le~pren'lises;
(2) .~that~ElI\lno'.ens or
encumbrance~ against. the .ltllIW
vehicle wllhthe4epat\nlllnt ofpldc
satety;and .. . .,
(3) verily that theplll~gor baa
aut~le msu.anceOftthe.lMtIIr
vehicle as requfled. by".
(b) Apawntll9ker .l101.sellaf"l!OtOl'
vehlckt(:()VeawbylJ.~trahSaCliCln
Unfil$O<faY$IIfter~Otthe motor
vehICle;.. . ':.'
SUbd. 15. .{>~~. lOCArlQK. No
pawnshop shall be ~WiDl_ one .dl1vlnI
mile of any chUrch or ~,liIIKt only in. the
t EIulIIness ParkCommel'Clalloning DiItriet. No
I pIMllIhop, 1aWfu8y operatIr1Q as of1he date: "
"1IIlIlCtment of this $ElClion, sl)a11 be requirecl
to dII8cat& Q[ ~ as a result of this .section,
lMcl l&;V~Tq..~)liokdloo of thiS
....rby a pawnb/'oI(er orjlteagoris..a
mIIdeIneaoor ...... .... ....
. in all other.Ways the CIty Code shall remaIft
In full force ami efted.
This ordinance Is efI~ this 29th day of
October,l996.
CITY OF STillWATER
By tSr./av I, . IfflT!ble
~ L Kimble, May<>.r
ATTE$l:
I~M8rItW~
~1fi~CIty~... .
1m't
, ~ .'<