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containing precious metals purchased within any period of twelve (12) <br />consecutive months. (Ord. 1139, 4-25- 1994) <br />PRECIOUS METALS: Silver, gold or platinum. (Ord. 1169, 8-26-1996) <br />REDENIl'TION PERIOD: The date by which an item of property that has been <br />pawned must be redeemed by the pledger without risk that the item will be sold. <br />Such date must be a day on which the pawnbroker or precious metal dealer is open <br />for regular business. (Ord. 1139, 4-25- 1994) <br />Che bulk purchase or cansi�nment of new or used merchandise from a <br />merchant_ manufacturer_ or wholesaler having an established <br />bermanent �lace of business. and the retail sale of said merchandise� <br />provided the �awnbroker must maintain a record of such �urchase or <br />consi�nment which describes each item. and must mark each item in a <br />manner which relates it to that transaction record. <br />or �urchase. and for which all a�licable hold and/or redem�tion <br />periods ha�e expired. <br />311.03: LICENSE REQUIRED: <br />No person sha11 exercise, carry on or be engaged in the trade or business of <br />pawnbroker or precious metal dealer within the City unless such person is <br />currently licensed under this Section to be a pawnbroker or precious metal dealer, <br />respectively. (Ord. 1139, 4-25-1994) <br />311.04: APPLICATION FOR LICENSE: <br />Every application for license under this Section, whether for a natural <br />person, partnership, corporation or other organization, shall be made on a form <br />supplied by the City and shall contain a11 information as required on that form by <br />law. (Ord. 1139, 4-25-1994) <br />4 <br />