Las Vegas City Ordinances, November 13, 1950 to August 6, 1958, lvc000015-344

AFFIDAVIT OF PUBLICATION RICHARD LOCHRIE, being first duly sworn, deposes and says: That he is Foreman of the LAS VEGAS MORNING SUN, a daily newspaper of general circulation, printed and published at Las Vegas, in the County of Clark, State of Nevada, and that the attached was continuously published in said newspaper for a period of two weeks from November 25, 1954 to December 2, 1954 inclusive, being the issues of said newspaper for the following dates, to-wit: November 25, December 2, 1954 That said newspaper was regularly issued and circulated on each of the dates above named. Signed RICHARD LOCHRIE________ Subscribed and sworn to before me this 7th day of December, 1954. /s/ BARBARA J. GREENSPUN__________ Notary Public in and for Clark County, Nevada My Commission Expires Mar. 17, 1956 ORDINANCE NO. 625 AN ORDINANCE TO AMEND CHAPTER 22, CODE OF LAS VEGAS, NEVADA, 1949, AS AMENDED BY ORDINANCE NO. 406, BUT PROVIDING THE RETENTION OF PLEDGES BY PAWNBROKERS, AND THE LENGTH OF TIME WHICH PROPERTY MUST BE HELD; PROVIDING FOR THE ISSUANCE OF A RECEIPT CONTAINING CERTAIN INFORMATION DEALING WITH PLEDGED PROPERTY; PROVIDING A RATE OF INTEREST WHICH A PAWNBROKER MAY CHARGE; PROVIDING FOR THE REGISTRATION OF OWNERS AND EMPLOYEES OF PAWNBROKING ESTABLISHMENTS; PROVIDING OTHER MATTERS PROPERLY RELATED THERETO; REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH; AND FIXING PENALTIES FOR THE VIOLATION HEREOF. The Board of Commissioners of the City of Las Vegas do ordain as follows: SECTION 1. Chapter 22, Section 12, Code of Las Vegas, Nevada, 1949 as amended by Section 1 of Ordinance No. 406, is hereby further amended to read as follows: The pawnbroker shall retain in his possession every pledge or pawn ninety (90) days after the maturity of the loan, or ninety (90) days after the last payment of interest, whichever is greater; provided further, that all personal property shall be held for redemption for a period of not less than one hundred fifty (150) days from the date of pledge with any pawnbroker. If the pledgor shall fail or neglect for ninety (90) days after maturity of the loan, or ninety (90) days after the last payment of interest, to redeem the pawned property, the pawnbroker may sell any such property held for redemption, provided that such property shall have been held for redemption for a period of not less than one hundred fifty (150) days from the date of pledge. SECTION 2. Chapter 22, Section 13, of the Code of Las Vegas, Nevada, 1949 as amended by Ordinance No. 406 is hereby further amended to read as follows: Any pawnbroker or keeper of a pawnshop shall furnish to the pledgor a printed receipt clearly showing the amount loaned with a description of the pledged property pawned or received, date of receipt thereof, time for redemption, and name of the pledgee. The reverse side of said receipt shall be marked in such a manner that the amounts of principal and interest and any other charges paid by the person securing the loan can be clearly designated thereon. Each payment shall be entered upon the reverse side of said receipt and shall designate how much of the payment is being credited to principal, how much to interest, and how much to any other charge, with the date of said payments shown thereon. The pawnbroker shall affix to each article or thing a tag upon which shall be inscribed a number, of legible characters, which shall correspond to the number on the pawn ticket and be entered in the book required to be kept by Chapter 22, Section 14, Code of Las Vegas, Nevada, 1949. SECTION 3. Chapter 22, Section 24, Code of Las Vegas, Nevada, 1949 as amended by Ordinance No. 406, is hereby further amended to read as follows: The following information shall be printed on the back of each pawn ticket required to be given the pledgor. "In the event of failure to pay the loan within one hundred fifty (150) days from the date hereof, or within ninety (90) days after maturity, or within ninety (90) days after payment of any monthly interest when due, whichever period of time is the greater, you shall thereby forfeit all right and title unto such pledged and pawned property to the pawnbroker who shall thereby acquire an absolute title to the same." SECTION 4. Chapter 22 of the Code of Las Vegas, Nevada, 1949 is hereby further amended by adding a new section thereto to be known as Section 28, to read as follows: It shall be unlawful for any pawnbroker to charge or receive interest at a greater rate than three per cent (3%) a month for money loaned on the security of personal property actually received in pledge, and no person shall ask or receive a higher rate of interest or discount on any such loan or on any actual pretended sale or redemption of personal property, provided, however, that for any loan made the pawnbroker may make a handling charge of one dollar ($1.00) in addition to the interest rate. It shall be unlawful for any pawnbroker to change or receive any appraisal fee, storage fee, or any fee or charge other than the amounts hereinabove specified. SECTION 5. Every employee of a pawnshop as hereinafter defined, shall within thirty (30) days from the effective date of this ordinance, register his name and address with the Police Department of the City of Las Vegas and shall have had his thumbprints, fingerprints, and photograph taken and filed with the Bureau of Identification of the City of Las Vegas and have received a certificate showing compliance therewith. For the purpose of this ordinance, an employee of a pawnshop shall be deemed to be any owner, stockholder if the owner is a corporation, partner, or any other person who receives income in any manner from the operation of said pawnshop. Every person seeking to be registered under the provisions of this ordinance shall first pay to the City of Las Vegas the sum of One and 25/l00ths Dollars ($1.25) as a condition precedent to having issued to him or her a certificate as provided hereinabove. COUNTY OF CLARK ) STATE OF NEVADA ) ss.