HomeMy WebLinkAboutOrdinance No. 1055 BE
Montana,
follows:
Section 5.28.010. Definitions.
Unless the context requires otherwise,
the following definitions apply:
ORDINANCE NO. 1055
AMENDING SECTION 5.28.010 OF THE LAUREL MUNICIPAL
CODE, DEFINITIONS.
IT ORDAINED by the City Council of the City of Laurel,
that Section 5.28.010 is hereby amended to read as
in this article
Pawnbroker means any person whose business is to take
or receive by way of pledge, pawn or exchange of any
goods, wares or merchandise, or any kind of personal
property whatsoever, as security for the repayment of
money loaned.
Precious and semi-precious metals or stones means
metals such as, but not limited to, gold, silver,
platinum, pewter, and stones such as, but not limited
to, Alexanderites, diamonds, emeralds, garnets, opals,
rubies, sapphires and topaz. For the purpose of this
article, other minerals, stones or gems customarily
regarded as precious or semi-precious, such as ivory,
coral, pearls, jade, etc., are deemed to be precious or
semi-precious stones.
Purchase means giving money to acquire any valuable
article in full or part satisfaction of a debt, or
taking a valuable article for trade, or taking a
valuable article for resale for the purpose of full
or part satisfaction of debt.
Purchaser means any person, pawnbroker, secondhand
dealer or valuable article dealer holding himself out
to the public as being engaged in the business of
buying valuable articles; or any person, pawnbroker,
secondhand dealer or valuable article dealer who pur-
chases five (5) or more valuable articles during any
thirty (30) day period. A person purchasing valuable
articles from an estate or from a retail or wholesale
merchant is not included.
Seller means any person offering a valuable article,
secondhand good, or used merchandise for money to any
purchaser; offering a valuable article, secondhand
good, or used merchandise in full or part satisfaction
of a debt; or offering a valuable article, secondhand
good, or used merchandise for resale for the purpose
of full or part satisfaction of a debt.
Valuable article means any tangible personal property
consisting, in whole or in part, of precious or semi-
precious metals or stones, whether solid, plated or
overlaid, including, but not limited to, household
goods, jewelries, United States Commemorative metals
or tokens, and gold bullion, and including foreign
currency when purchased for more than its face value
or foreign currency exchange value.
Valuable article dealer means any person who engages
in the business of buying and selling, trading or
taking as pledge, pawn or security for money loaned,
any valuable article.
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 Orr
PASSED AND ADOPTED by the Laurel City Council on second
reading this 5th day of Januar.~ .... , 1993, upon motion
by Alderman Collins
APPROVED by the Mayor of the City of Laurel this 6th day
of 0snuary , 1993.
CITY OF LAUREL
Charles G. R~dg~Ks, Mayor
Donald L. Hackmann, City Clerk
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