Arizona republican., 1915-07-04

deputy or assistant
 (e) 'Defaulted claim" shall include any claim which has been collected by d collection agency from a debtor and which has not been by such col lection agency paid over to the as sienor thereof within thirty (30) days after the date of it's collection.
 Sec. ?. Every collection agency is hereby placed under the supervision of the City Tax Collector. who is hereby empowered and authorized to enter upon the premises and examine the books and accounts of any col lection agency for the purpose of ascertaining if the business of the said agency is being conducted in q proper and lawful manner
 Sec. ,. Every collection agency, be- fore beginning business shall cause to be filed with the City Tax Col lector an application for license, and a registration report containing in ad- dition to such other particulars as may be required by the said Tax Col lector, the name under which it is proposed to transact the business o1 such collection agency, and the name, residence and official title of every member, official and stockhoIder thereof; and with such application shall be deposited the quarterly l- cense fee provided for in Section 4 of this Ordinance, together with d good and sufficient bond in the sum of Five Thousand Dollars (s5, ,0O0.00) payable to the City of Phoenix. All such bonds shall be personal or sure ty company bonds, and shall be ap- proved by the City Manager of the City of Phoenix. and shall bind the principals and SuretieS thereon to pay over to the City of Phoenix, upon written demands sof the City Tax Col lector notifying said sureties and said principal or either of them. that the collection agency for which such bond shall have been given. has defaufted. the amount so claimed to be so de- faulted. If such bond be a personal bond, there shall be not less than two sureties. and the justification of said sureties shall aggregate double the amount of the bond.
 Sec. I. The quarterly license fee shall be twenty-five dollars, C$25.00). payable to the City Tax Collector at his office in advance on or before the first days of July, October, January and April Of each year. and the same shall expire on the last days of Sep tember. December. March and June, respectively. Licenses issued during any quarter shall be pro rated for that quarter. No license issued under the provisions of this ordinance shall be- transferable or refundable.
 Sec. j. Upon the filing of the ap- plication and report herein provided for, the payment of the license fee herein required. and the filing of a duly approved bond as herein requir- ed, an investigation and examination shall be made by the City Tax Col lector of the members officers and stockholders of such applicant collec- ton agency and if it be found that said collection agency or any of its members officers or stockholders. have not at any time defaulted, then the said City Tax Collector shall is sue and deliver to such applicant the license herein provided for. in such form as may be approved by the City Commission, entitling such applicant to conduct the business of collection agency for the period in such license stated. and shall certify on the face of such license that the collection agency therein mentioned has duly filed the bond in this ordinance re- quired. The bond herein required shall be continuing bond, and shall continue so long as the agency for which it is given shall continue to transact the business of said bond CO., Vered. and for the full period of the statutes of limitation in such cases made and provided respecting all transactions covered by such bond
 Sec. 6. Each and every collection agency shall on or before the 1st day of July of each year. file with the City Tax Collector a. statement of the total amount of collections made bv such agency during the year ending June goth next heretofore and in said statexnent show each item or portion thereof. collected and retained for a period exceeding thirty (30) days from the date same was collected. with the reasons, if any. for such retention
 Sec. :. If, upon examination of the applicant for license or a renewal of license. it is found that such colIec- ton agency has fully complied with all of the requirements of this ordin ance, and the bond shall be and re- s1ain in force. the City Tax Collector shall issue license or renew license bv the issuance of q new quarterly H- cense as in the first instance as in Section of this ordinance provided If, however, it is found that the col lection agency applying for such Ii- cense or renewal, or any member. of ficers or stockholders. has not com oiled with the requirements of this ordinance to the satifaction of the City Tax Collector, or has heretofore violated this ordinance. or has without just reason and cause defaulted in the payments to assignors of collec- tions made by such collection agency, then and in that event, no such H. cense or renewal issued. and the City Tax Collector shall proceed to cause inc sureties on the bond of such col lection agency to pay over a sum suf- ficient to pay any such defaulted col lcc:iOns at the date of such appliea- tion, remaining unpaid.
 Sec. s. Every collection agency shall within thirty days after having collected a debt or any portion there of due to any assignor, file state