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80-O-81J ORDINANCE NO. So- D - B I AN ORDINANCE RELATING TO THE PURCHASE OF PERSONAL PROPERTY 14ADE OF PRECIOUS METALS BY DEALERS WITHIN THE CITY OF EDGEWATER, FLORIDA; PROVIDING FOR THE. KEEPING OF CERTAIN RECORDS; PROHIBITING THE DIS- POSAL OF CERTAIN PERSONAL PROPERTY WITHIN A SPECI- FIED PERIOD OF TIME; PROVIDING FOR THE FILING OF CERTAIN REPORTS; PROHIBITING CERTAIN TRANSACTIONS WITH MINORS; PROVIDING FOR THE ARRANGEMENT OF CER- TAIN STOCKS; PRESCRIBING PENALTIES; PROVIDING FOR PUBLICATION OF THIS ORDINANCE BY TITLE ONLY AND PROVIDING AN EFFECTIVE DATE. BE IT ENACTED BY THE PEOPLE OF THE CITY OF EDGEWATER, FLORIDA: SECTION 1. Purpose. The purpose of this Ordinance is to set forth regulations gov- erning the purchase and disposition of personal property made of precious metals by dealatswithin the City of Edaewater, Florida. SECTION 2. Definitions. As used in this Ordinance, unless the context otherwise re -- quires: A. "Dealer" shall mean any person engaged in the business o.` purchasing or selling at retail or wholesale or otherwise dealing in any old, used or secondhand precious metals of any kind or des- cription, whether with a fixed place of business or as an itinerant. B. "Precious metal" shall mean gold, silver or platinum. C. "Bullion coins" shall mean fungible coins with intrinsic value greater than the numismatic value. SECTION 3. Register of transactions. A. Any person engaged in business as a dealer shall keep a register in connection with his business, said register to be approved as to type and form by the Chief of Police of Edgewater, Florida, and at the time of each transaction shall enter or cause to be entered therein an accurate description of the person from whom any article of personal property made of precious metal is purchased or received, and shall include in the description, but not limited to, the name, date of birth, sex, race, place of resi- dence and drivers license or, if none, other government identifi- cation numbers of the person, together with an accurate description jw MIN ADNTED of any article of personal property made of precious metal so purchased or received, which description shall contain any mark, brand, monogram, hallmark, word or letters which may be engraved, stamped, etched or otherwise permanently marked upon the article. The description of bullion coins shall be adequate if it provides the total dollar amount of each denomination. The register shall at all times be kept open and available for the inspection and examination of the Chief of Police of Edgewater, Florida or any other person authorized by the Chief of Police to inspect the register. B. Any and all persons engaged in business as a dealer shall, in keeping the register required in Paragraph A above, take the following precautions to insure the accuracy of the personal iden- tification required: (1) Require the customer, as a condition to, the purchase, to sign his name on the registration form. (2) Require reasonable proof of identity which would include but not be limited to display of a drivers license or other govern- mental identification cards or certificates. C. It shall be unlawful for any customer to give or display false identification to the dealer or to sign a false name. SECTION 4. Disposal within ten (10) days of receipt prohibited. A. Except for the exempt transactions hereinafter provided, no articles of personal property made of precious metals shall be sold, melted, altered, or otherwise disposed of by any dealer until ten (10) days have elapsed from the time the Chief of Police has had made available to him a copy or transcript of the register in which such articles of personal property made of precious metals are entered, and said articles shall not be transferred from within the City of Edgewater during said ten (10) day period of time. B. The following transactions shall be exempt from the pro- visions of Paragraph A above: (1) Coins repurchased by a dealer, provided the dealer re- purchases from the same person and maintains a record of the prior sale and the repurchase. - 2 - (2) The purchase of bullion coins. (3) Transactions between dealers, provided the article has been registered in accordance with this Ordinance and in the possession of any local dealer for the period set forth in Section 4A above. SECTION 5. Transcript of register to be made available to the Edgewater Chief of Police. All dealers shall, not later than 12:00 noon of each business day, make available to the Edgewater Chief of Police or his repre- sentative, a full and complete copy or transcript of the regis- ter in which is entered the transactions of the preceding business day as required by Section 3. SECTION 6. Dealing with minors prohibited. It shall be unlawful for any dealer to buy, take or receive by way of purchase or exchange any articles made of precious metals from any person under the age of eighteen (18) years. SECTION 7. Arrangement of stock to facilitate inspection. All articles of personal property made of precious metals purchased or received by dealers shall remain attached to a copy of the bill of sale and be so arranged in stock as to enable the stock to be inspected by the Sheriff's department or any other person with such authority during the period set forth in Section 4A above. SECTION 8. Penalty. Any and each violation of any provision of this chapter shall be punished as provided in Section 1-8 0£ the City of Edgewater Code. SECTION 9. Publication. This Ordinance shall be published by title only at least one time in a newspaper of general circulation in the City of Edgewater, Florida, which said publication shall not be less than seven days prior to final passage of this Ordinance. SECTION 10. Effective date. This Ordinance shall take effect immediately upon its final passage as provided by law. The first reading of the above Ordinance was read in full and passed by vote of the City Councl of the City of Edgewater, Florida - 3 - J at the Regular meeting of said Council held on the _'2 day of December, 1980, and approved as provided by law. / The second reading of said Ordinance to be >at a meeting of the City Council to be held on the o7 rt�day of 198 Roll call or vote as follows: ATTEST: FIRST READING: : sre) Nk m:1a"owCe/7 This Ordinance prepared by: JUDSON I. WOODS, JR. City Attorney Councilman JIM ���.Councilman - 3 -