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ORDINANCE NUMBER 297 AN ORDINANCE PROVIDING FOR LICENSING AND REGULATING THE BUSINESS OF PAWNBROKERS AND PAWNSHOPS, AND DEFINING THE SAME: FIXING AND IMPOSING THE LICENSE FEE TO BE PAID THEREFOR; PROVIDING REGULATIONS FOR THE CONDUCT OF SUCH BUSINESS; FIXING PENALTIES FOR THE VIOLATION THEREOF; DEFINING ALL DUTIES OF CERTAIN OFFICERS IN CONNECTIONS THEREWITH, AND TO REPEAL ALL ORDINANCES AND PARTS OF ORDINANCES IN CONFLICT HEREWITH. The Board of Commissioners of the City of Las Vegas Do Ordain: Section 1. Any person within the City of Las Vegas who loans money on deposit of personal property or deals in the purchase or possession of personal property on condition of selling the same back again to the pledger or depositor, or who loans or advances money on personal property by taking chattel mortgage security thereon, and takes or received such personal property into his possession, is hereby declared to be a pawnbroker. Section 2. It shall be unlawful for any person, firm, association, or corporation to conduct or transact a pawnbroking business, or pawnshop in the City of Las Vegas, without first having procured a city license therefor, as hereinafter provided. Section 3. It shall be unlawful for any person, firm, association, or corporation, to conduct or transact a pawnbroking business, or pawnshop in the City of Las Vegas, unless he, she, they, or it, shall do keep posted in a conspicuous place in the place of business, the license certificate therefor, and a copy of all City Ordinances relating to pawnbrokers, and pawnshops. Section 4. It shall be unlawful for, in all cases in which articles pleged have been forfeited, a sale or other diposition thereof to be made by the pledgee within the per- iod of ninety days after such forfeiture; during which time the pledger shall have the first right to redeem such article or articles at no greater advance than ten per cent upon the amount due, when the forfeiture occurred.