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Ordinance Page 11 Subd. 9. Hours Of Operation: No pawnbroker shall be open for the transaction of business on any day of the week before eight o'clock (8:00) A.M. or after eight o'clock (8:00) P.M. Subd. 10. Minors: The pawnbroker shall not purchase or receive personal property of any nature on deposit or pledge from any minor. Subd. 11. Inspection Of Items: The pawnbroker shall at all times during the term of the license allow the police department to enter the premises where the pawnbroker business is located, for the purpose of inspecting such premises and inspecting the items, wares and merchandise therein for the purpose of locating items suspected or alleged to have been stolen or otherwise improperly disposed of. Subd. 12. License Display: A license issued under this chapter must be posted in a conspicuous place in the premises for which it is used. The license issued is only effective fo r the compact and contiguous space specified in the approved license application. Any additional required county and state licenses shall be similarly posted. Subd. 13. Maintenance Of Order: A licensee under this chapter shall be responsible for the conduct of the business being operated and shall maintain conditions of order. Subd. 14. Prohibited Goods: No licensee under this chapter shall accept any item of property which contains an altered or obliterated serial number or "operation identification" n umber or any item of property whose serial number has been removed. Subd. 15. Payment By Check: Payment of more than two hundred fifty dollars ($250.00) by a licensee for any article deposited, left, purchased, pledged or pawned shall be made only by a check, draft, or other negotiable or nonnegotiable instrument that is drawn against funds held by a financial institution. This policy shall be posted in a conspicuous place in the premises. Subd. 16. Storage: All items shall be stored within the licensed premises. Subd. 17. Prohibited Items. Licensee shall not accept or offer for sale firearms or handguns. 516.12 ALARM SYSTEM REQUIREMENT: An alarm system, professionally installed and approved by the Police Chief shall be installed at the licensed premises.