HomeMy WebLinkAboutOrd 4967 10/06/1998 ORDINANCE NO. 4967
AN ORDINANCE AMENDING CHAPTER 23
OF THE VILLAGE CODE OF
MOUNT PROSPECT
Passed and approved by
the President and Board of Trustees
the 6th day of October, 1998
Published in pamphlet form by
Authority of the corporate
Authorities of the Village of
Mount Prospect, Illinois, the
13th day of October, 1998.
ORDINANCE NO. 4967
AN ORDINANCe= AMI=NDING
THE VILLAGE CODE OF MOUNT PROSPECT
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF
MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION 1: That a new Section 23.116, entitled "Pawning, Prohibited" be added to Chapter
23, Article I of the Mount Prospect Village Code to be and read as follows:
Sec. 23.116 PAWNING, PROHIBITED,
It shall be unlawful for any person to operate a pawnshop or otherwise engage in the
business of receiving and holding personal property in pledge or as security for money or other
things advanced to a prospective pawner or pledgor. This shall not apply to banks, thrifts, or
other licensed lending institutions engaged in the business of lending money and receiving
commercial paper that may pledge personal property or security.
SECTION ~: Section 11.302, entitled "Broker's License Required" of Article III of Chapter 11
shall be amended by removing the word "pawnbroker" from the first sentence.
SECTION 3: Section 11.102, entitled "Secondhand Dealer" of Article I of Chapter 11 shall be
amended by removing the word "pawnbrokers' from the second sentence.
SECTION 4: That this Ordinance shall be in full force and effect from and after its passage,
approval and publication in pamphlet form in the manner provided by law.
AYES: Clowes, Corcoran, Hoefert, Lohrstorfer, Nocchi, Wilks
NAYS:
ABSENT:
PASSED and APPROVED this 6th dayof October ,../ ,1998.
4--:~eraFd L Farley, V~lage Pre~dent
AFl'EST:
Vel~a W. Lowe, illag~ Clerk
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