The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1913-03-05
NO. 1877.
AN ACT RELATING TO THE Ii
CENSING OF PAWNBROKERS.

1t is hereby enacted by the Generai
Assembly of the State of Vermont
Section i. No person shall carry on
the business of pawnbroker IN TINS
state until he has obtained license
so to do as hereinafter prescribed.
Sec .. The selectmen OF town OF
the aldermen of a city may grant 10
such citizens as they deem proper
and who produce satisfactory evidences
of their good character, license au-
thorizing such citizens to carry on
the business of a pawnbroker, whicn
license shall designate the place III
which such person shall carry on such
business: and no person snail carry
on the business of a pawnbroker III
any other place than the one deslgnat-
ed in said license. A person VINO VIC,
Iates a provision of this section snail
he fined ten dollars for each day OF
such violation. >,
Soc A person receiving such IL
cense shall pay therefor the sum oil
fifteen dollars annually Tor tne use
of the city or town, and such license
shall expire one year from the Date
thereof. and may be renewed on pay
ment of the same sum. A ncensee
shall at the time of receiving such IL
cense. file a bond to the local author-
tiles of such city or town, TO ne eA-
ecuted by the person so licensed, ana
by two responsible sureties or bond
ing company in the penal sum or nVe
hundred dollars, which bond shall De
conditioned for the faithful perform
ance of the duties and obligations
pertaining TO the business so licensed,
and the selectmen or aldermen may
revoke such license for cause.
Sec. 4. If a person is aggrieved by
the misconduct of such licensed pawn
broker. and RECEIVERS judgment against
him therefor such person may, after
the return. unsatisfied, either IN
whole or in part, of an execution Is
sued upon said judgment, MAINTAIN
an action in his own name upon the
bond of said pawnbroker in any court
having jurisdiction of the amount
claimed, provided such court SNAIL
upon application made for that pur-
pose grant such leave to prosecute.
Sec. 3. Every such pawnbroker
shall keep a book in which shall be
fairly written in the English language
lat the time of making a loan, an ae-
count and description of the goods,
articles or things pawned or pledged,
the amount of money loaned thereon,
the time of pedging the same, the
rate of interest TO be paid on such
loan. and the name and residence OF
the person pawning or pledging the
4 Gaf Ghnll
reasonable times. be open to the
inspection of the city or town authori-
ties, all judges of courts. the CHIEF OF
police or any person who is duly au-
thorized in writing for that purpose
by any or either of them. and who
exhibits such written authority to
such pawnbroker,
Sec. G. Every such pawnbroRer
shall. at the time of making such
loan, deliver to the person pawning or
pledging any goods, articles or things
a memorandum or note signed by him.
containing the substance of the entry
required to be made in his book by
the last preceding section, and no
charge shall be made or received by
pawnbroker for such entry, memo
randum or note The holder of such
memorandum or note shall be pre-
sumed to be the person entitled to re-
deem the pledge, and the pawnbroker
shall deliver such article to the per.
son so presenting such memorandum
or note on payment of principal and
interest. Should such ticket be lost
or mislaid. the pawner shall at once
apply TO the pawnbroker describing
the article pawned. In which case II
shall be the duty of the pawnbroker
to permit such person to examine his
books. and on finding the entry for
such ticket. note or memorandum sc
lost. the pawnbroker shall issue a sec
| ond or stop ticket for the same. In
case such pawner neglects TO so ap
ply and examine said books and re
ceive such memorandum or note in
the manner hereinabove stated, the
pawnbroker shall deliver the pledge
to any person producing such original
ticket for the redemption thereof
This section shall not be so construed
as to limit or affect such pawnbroker'
common law liability IN cases where
goods are stolen or other legal defects
of title I'm the pledgor exist.
! Sec. z. No pnwnbroler shall dc
mand or receive n greater rate OF In
teresI than five per cent per month OF
! fraction OF a month, upon loan moi
exceeding the sum OF fifty dollars
nor more than three per cont pei
month on n loan exceeding the sun
Of fifty dollars: provided no charge
OF less than 10 cents shall be made
on any loan or pledge. These rates
shall not affect contracts in existenc'
or renewals OF such contracts.
Sec. 8. No pawnbroker shall sci
pawned or pledged property until the
eame has remained six months In hi
possession without redemption, and
upon such sale, shall keep a record Of
the date of such sale. the name and
address OF the purchaser and the price
paid. and such record shall be subject
10 inspection az other records or sucf
pawnbroker are subject TO inspection
under the provisions Of this act.
Sec. .. Surplus money, If any, arts
/ ing from such sale, after deductinl
the amount OF the loan and the inter
est then due on the same, shall IN
paid over after three months by tbs
pawnbroker 10 the person who would
be entitled TO redeem the pledge II
case such sale had not taken place.
Sec. 10. No person carrying on the
business Of pawnbroker in this state
shall accept pledge or article OF per
sonal property offered by a persof
under eighteen years Of age. without
written authority OF the parents Of
guardian OF such minor.
Sec. II. A licensee who violates ,
provision Of the eight preceding sec
lions OF this act shall be fined no
more than one hundred dollars moi
less than ten dollars for each offense
Justices Of the peace, city and munie
I ipal courts shall have concurrent