HomeMy WebLinkAbout1981-OR-27 AN ORDINANCE REGULATING PRECIOUS METAL
TRANSACTIONS IN THE CITY OF JEFFERSONVILLE, INDIANA
BE IT ORDAINED BY THE COMMON COUNCIL
INDIANA:
Section I
OF THE CITY OF JEFFERSONVILLE,
DEFINITIONS:
A. Precious metal -
When used in this Ordinance,
metal shall mean any gold, silver, or platinum, in any shape,
or use.
B. Precious metal dealer. Any individual, firm,
precious
form
=o7poration
or partnership engaged in the business of purchasing and reselling
precious metal at a permanently established place of business or
in connection with a business of an intinerant nature.
Section II EXCLUSIONS:
The provisions of this Ordinance shall not apply to the
purchase from persons, firms or corporations regularly engaged in
the business of manufacturing precious metals, the business of
selling precious metals at retail or wholesale, to the purchase
of one dealer from another if such person, firm or corporation
at the time of purchase provides each purchaser with a bill of
sale or other written evidence of title to the precious metal.
Section III APPROVAL
No person, firm, corporation or partnership ~r association
shall engage or continue to engage in the business of buying and
selling precious metals except as authorized by this Ordinance
without having first obtained approval from the Board of Public
Works and Safety.
Section IV BILL OF SALE:
If the precious metal dealer,
business,
in the conduct of such
purchases any article or articles from a seller, such
purchase shall be evidenced by a bill of sale properlY signed
by the seller. All such bills of sale shall be in triplicate
and contain the following:
1. The date of the sale.
2. Amount of consideration.
3. Name of licensee.
4. Description of article or articles
5. Signature of the seller.
6. Address of the seller.
sold.
Section V REPORTS:
At the close of each business day in which the licensee
has purchased precious metals, the said licensee shall send a
of the bills of sale to the Chief of
Department.
Section VI HOLDING PERIOD:
Ail precious metals
by said dealer for four (4)
before said precious metals
the dealer.
Section VII SEVERABILITY:
If a part of this Ordinande is
the Jeffersonville Police
purchased by a dealer shall be held
business days after the purchase
are sold or otherwise disposed of by
invalid, all valid parts
that are severable from the invalid parts shall remain in effect.
If a part of this Ordinance is invalid in one or more of its
applicationB, the part remains in effect in all valid applications
that are severable from the invalid applications.
Section VIII PENALTY:
It shall be unlawful for any individual, firm, corporation
or partnership to do any act forbidden or to fail to perform any
act required by this Ordinance and on conviction of the violation
of this Ordinance, said individual, firm, corporation or partnership
shall be subject' to a fine of not less than $100.00 nor more than
$1,000.00.
This Ordinance shall be in full force and effect from
and after its passage by the Common Council, approval by the Mayor,
and due publication as
of
City
1981.
required by law.
Passed and adopted by the Common Council this ~ day
Presented by me as Clerk-Treasurer to the Mayoiz of the
of Jeffersonville this ~day of ~ ~ , 1981~:'~/
~ * ' CLERK-TREASU~
Approved and signed by me this ~ day of
~ MA~OR