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SECTION 6.22 SECOND HAND DEALER/PAWNBROKER DEFINED

.1 A Pawnbroker is a person who loans money on security of personal property deposited with him; provided that a person who loans money on security of stocks, bonds, notes or other written evidence of ownership shall not be considered a Pawnbroker for purposes of this ordinance.

.2 A Second Hand Dealer is a person who makes an outright purchase of personal property that has been used; provided that a person who purchases books, prints, coins or postage stamps shall not be considered a Second Hand Dealer for purposes of this ordinance.

.3 A Consignment Dealer is a person who, without taking ownership of goods or merchandise, displays said merchandise for sale for a specified period of time and, upon sale, delivers the proceeds or a portion thereof, as agreed, to the owner. For purposes of this ordinance, Consignment Dealers shall be licensed as Second Hand Dealers and shall comply with all record keeping and retention requirements of Second Hand Dealers.