HomeMy WebLinkAboutOrdinance No. 1059 ORDINANCE NO. 1059
ADDING SECTION 5.28.070 TO THE LAUREL MUNICIPAL
CODE, HOLDING PERIOD.
BE IT ORDAINED by the City Council of the City of Laurel,
Montana, that Section 5.28.070 is hereby added to the Laurel
Municipal Code, as follows:
Section 5.28.070. Holdinq period.
A. Except as provided in subsection (B), a purchaser
shall hold all articles within the jurisdiction of
this article for a period of ten (10) days. The
articles shall be held on the licensed premises
of the purchaser, or some other secured location
within the city, and shall not be disposed of or
altered from the form in which they were received.
The ten (10) day holding period shall commence on
the day the city receives a copy of the register.
For the purpose of computing the holding period,
Sundays and legal holidays are excluded, The pur-
chaser shall permit any appropriate city official to
inspect the article during the ten (10) day period.
B. Stamped and assayed gold and silver bullion and
gold coins shall not be subject to the holding re-
quirement imposed by subsection (A) . In lieu of such
requirement, the purchaser shall be required to
record the identity of any person to whom the pur-
chaser transfers any such bullion or coin, and the
date, time and place of such transfer. The record
shall be kept on the purchaser's premises for a period
of thirty (30) days and shall be available for in-
spection by any appropriate city official during the
thirty (30) days.
This Ordinance shall become effective.thirty (30) days after
final passage of the City Council and approval by the Mayor.
Introduced on first reading at a regular meeting of the City
Council on December 15 , .1992, by Alderman Kilpstriok
PASSED AND ADOPTED by the Laurel City Council on second
reading this 5th day of Januar~ , 1993, upon motion
by Alderman Orr
APPROVED by the Mayor of the City of Laurel this 6th day
of January , 1993.
CITY OF LAUREL
Charles G. R6dger~, Mayor
ATTEST:
Donald L. Hackmann, City Clerk
~.Approved as to fo._rm: