8.2. SR 10-15-2012 - Laserfiche WebLink

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(3) A person identified in writing by the pledgor at the time of the initial transaction,which authorization shall be signed by the pledgor;or (4) A person who has the approval of the chief of police. Written authorization for release of articles of property to persons other than the original pledgor must be maintained along with the original transaction record. Section 13.That Section 38-357 of the City of Elk River Code of Ordinances,entitled-Manner of Payment to Pledgors,shall be amended to read as follows: Payment of more than$440.00 five hundred dollars ($500.00) by any licensee for any article deposited,left,purchased,pledged or pawned shall be made only by a check,draft or other negotiable or nonnegotiable instrument or order of withdrawal which is drawn against funds held by a financial institution. Section 14.That Section 38-358 of the City of Elk River Code of Ordinances,entitled Miscellaneous Prohibited Acts by Licensees and Employees,shall be amended by replacing subsection(10) thereof to read as follows: A pawnbroker and any clerk,agent,or employee of a pawnbroker shall not: (10) Remove pledged goods from the pawnshop premises or other 3torat c place approved by the city at any time before unredeemed,pledged goods arc cold pursuant to section 38 355 (10)Remove pledged goods from the pawnshop premises or other storage place approved by a municipality at any time before the expiration of the redemption period pursuant to section 38- 355.However. (i) a pawnbroker is permitted to return pledge goods to the borrower at any time during the redemption period.(ii) a pawnbroker is permitted to sell the pledged goods or remove the pledged goods from the pawnshop premises or other storage at any time after the expiration of the redemption period set forth in section 38-355 and(iii) a pawnbroker who purchases goods not involving a pawn transaction is permitted to sell or remove the purchased goods from the pawnshop premises or other storage 31 days or later from the purchase transaction date. Section 15.That the City of Elk River Code of Ordinances shall be amended to add new section 38- 359 entitled—Sale of Firearms by Pawnbrokers,which shall read as follows: A pawnbroker holding for sale a firearm or other dangerous weapon shall comply with all state and federal regulations. Section 16.That the City of Elk River Code of Ordinances shall be amended to add new Section 38- 360 entitled Penalty,which shall read as follows: Violations of any provisions of this article shall be a misdemeanor. Section 17. That this ordinance shall take effect upon adoption and shall be published as provided by law. Passed and adopted by the City Council of the City of Elk River this day of ,2012. s:\document\ordinance\oa97-1.doc