CITY of ALBUQUERQUE
TWENTY SECOND COUNCIL
COUNCIL BILL NO. C/S(3) O-17-50 ENACTMENT NO. ________________________
SPONSORED BY: Diane G. Gibson
ORDINANCE
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C/S(3) Amending The City Of Albuquerque Code Of Ordinances Article 6 In Chapter 13 ROA 1994, The "Pawnbroker Ordinance" (Gibson)
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BE IT ORDAINED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
SECTION 1. Chapter 13, Article 6, Section 2 of the Revised Ordinances of Albuquerque, the "Pawnbroker Ordinance" is hereby amended as follows:
? 13-6-2 PURPOSE.
The purpose of this article is to[: regulate those businesses which [primarily]
purchase, or receive through a pawn transaction, used merchandise from the
general public.
(1) Ensure a sound system of making loans against, or acquiring through purchase and disposition, tangible personal property by and through pawnshops; to prevent frauds, unfair practices, discriminations against, impositions on or abuses of the citizens of Albuquerque by requiring responsible buying practices among both businesses and consumers;
(2) Provide for licensing fees, investigation fees, and minimum capital requirements of licensees;
(3) Promote financial responsibility to the city and its residents and compliance with city law;
(4) Assist law enforcement in the prevention of property crime and in the prosecution of property crime offenders; and
(5) Through this article, the City of Albuquerque intends to deter property crime by applying an even regulatory environment for a potential market for stolen goods.]"
SECTION 2. Chapter 13, Article 6, Section 3 of the Revised Ordinances of Albuquerque, "definitions" within the "Pawnbroker Ordinance" is hereby amended to add the following definitions, to be inserted alphabetically with existing definitions (all other definitions to remain unless specifically repealed or amended herein):
"? 13-6-3 DEFINITIONS.
[ CLAIMANT: A person who claims that his or ...
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