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AN ORDINANCE TO REGULATE DEALERS IN PRECIOUS METALS; TO PROVIDE A PENALTY FOR VIOLATION OF THE ORDINANCE; TO DECLARE AN EMERGENCY AND FOR OTHER PURPOSES (NOTE: THIS ORDINANCE WAS AMENDED BY ORD-05:194 ON SEPTEMBER 20, 2005)
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BE IT ORDAINED by the City Council of the City of Jonesboro, Arkansas
That the Code of Ordinances of the City of Jonesboro, Arkansas is hereby amended by adding a chapter to be numbered 25, which said chapter, shall read as follows:
Section 1: DEFINITIONS: The following definitions shall apply to the use of certain terms in this Article:
(a) Precious Metal Dealer: A person, firm or corporation dealing in or purchasing antique, used or scrap jewelry and precious metals whether for cash or trade, and whether or not a fixed place of business is maintained for such purposes.
(b) Precious Metals: Any form of gold, silver or platinum.
Section 2: REGISTRATION: Any person, firm or corporation purchasing or otherwise dealing in antique, used or scrap jewelry and precious metal, where the said purchase is for resale in its original form or as changed by remounting, melting, reforming, remolding or recasting or for resale as scrap or in bulk, shall be required to register with the Chief of Police and Sheriff of the City and County.
Section 3: Every person, firm or corporation dealing in the items described in Section 2 above shall keep a log in duplicate and shall enter on said log a clear and accurate description of any items of jewelry or precious metals purchased and the date and amount of money paid for said items and the name, race and residence and address of the seller. The seller and the purchaser shall sign the log below the description of each transaction. On each day the purchaser shall transact business of the type described herein, he shall deliver to the sheriff and the Chief of Police of the County or City copy of the log concerning that day’s business, and said copy of said log shall be delivered by noon of the following ...
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