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J. Inspection of Items: The pawnbroker or preciou.s metal dealer shall at all times during the term of the license allow the city police department to enter the premises where the pawnbroker or precious metal dealer business is located, for the purpose of inspecting such premises and inspecting the items, wares and merchandise therein for the purpose of locating items su.spected or alleged to have been stolen or otherwise improperly disposed of K. License Display: A license issued under this section must be posted in a conspicu.ou.s place in the premises for which it is u.sed. The license issu.ed is only effective for the compact and contigu.ou.s space specified in the approved license application. L. Maintenance of Order: A licensee under this section shall be responsible for the conduct of the bu.siness being operated and shall maintain conditions of order. M. Prohibited Goods: No licensee under this section shall accept any item of property which contains an altered or obliterated serial number or "operation identification" number or any item of property whose serial number has been removed. N. Payment by Check: Payment of more than two hundred fifty dollars ($250.00) by a licensee for any article deposited, left, purchased, pledged or pawned shall be made only by a check, draft, or other negotiable or nonnegotiable instrument which is drawn against funds held by a financial institution. This policy must be posted in a conspicu.ou.s place in the premises. 0. Holding Period for Precious Metal Dealers: Any item received by a precious metal dealer for which a report to the police is required under subsection C of this section shall not be sold or otherwise transferred for two (2) weeks after the date of the sale. P. Storage Sites: All items must be stored within the licensed premises building except the city may permit the licensee to designate one locked and secured warehou.se building within the city within which the licensee may store only cars, boats and other motorized vehicles. No item may be stored in the designated warehou.se building that is not reported in the records pursuant to subsection A of this section. The licensee shall permit immediate inspection of the warehou.se at any time during business hours by the city, and failure to do so is a violation of this chapter. Oversized items may not be stored in parking lots or other outside areas. All provisions in this section regarding record keeping and reporting shall apply to oversized items. Q. Off Site Sales Storage: All items accepted by a licensee at a licensed location in the city shall be for pledge or sale through a licensed location in the city. No licensee under this section shall sell any items which are transferred from a nonlicensed facility or a licensed facility outside the city. (bird. 1275, 11-18-2002) 311.10: ALARM SYSTEM REQUIRED: An alarm system, professionally installed and approved by the city manager or his/her designee, must be installed at the licensed premises. (bird. 1275, 11-18-2002) 311.11: SUSPENSION OR REVOCATION OF LICENSE: A. Violation: The its Council may suspend or revoke a license issued under this chapter upon a finding of a violation of.- 1) any of the provisions of this chapter; 2) any state statute regulating pawnbrokers or precious metal dealers; 3) any state or local law relating to moral character and repute. Any conviction by the pawnbroker or precious metal dealer for theft, receiving stolen property or any other crime or violation involving stolen property shall result in the immediate suspension pending a hearing on revocation of any license issued hereunder. B. Notice; Hearing: Except in the case of a suspension pending a hearing on revocation, a revocation or suspension by the its Council shall be preceded by written notice to