[HISTORY: Adopted by the Mayor and Council of the Borough of Palisades Park 9-10-1981 by Ord. No. 940. Amendments noted where applicable.]
As used in this chapter, the following terms shall have the meanings indicated:
- Any person, partnership or corporation who or which, through any means, buys or sells secondhand gold, silver, precious metals or jewelry, and includes anyone advertising the purchase or sale of any of the aforementioned items.
- GOLD, SILVER, PRECIOUS METALS or JEWELRY
- Only those items of genuine quality, and shall exclude those items commonly known as "costume" or "fashion jewelry."
- Any person under the age of 18 years.
- Any item enumerated herein that is not new.
Each dealer conducting business within the jurisdiction of the Borough of Palisades Park shall register with the Chief of Police, who shall investigate the applicant and fingerprint him. Each application shall designate the place in which the person receiving such license shall be authorized to carry on such business. The applicant shall be investigated as to his character and reputation and, if approved, shall obtain a license from the Borough Clerk by paying a fee of $25.
Each dealer shall maintain a complete record of each purchase and sale, including the amount paid, indicating the name, residence, occupation, age and description of the person from whom the items were purchased, received or sold. These records shall be subject to the inspection of any authorized police officer of the Borough of Palisades Park.
Each dealer doing business in the Borough of Palisades Park shall deliver to the Chief of Police a description of all items purchased, received or sold, as well as the name, the address and a description of the other party in the transaction, within 72 hours of the completion of the transaction, on forms prescribed by the Chief of Police.
No dealer shall sell, melt, change the form of or dispose of in any manner an item purchased or received within 10 days from the date the notification is made to the Chief of Police, and all such items shall remain on the premises where the purchase was made for at least 10 days.
Each dealer must require identification of the person with whom it is transacting business and must retain a copy or description of said identification, and no transaction may be made with any minor as hereinabove defined.
Editor's Note: Original Section 7, which immediately followed this section and dealt with violations and penalties, was deleted 8-15-1995 by Ord. No. 1226.