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that of a partnership, by one of the general partners; and if that of an unincorporated association, by the manager or managing officer thereof. (d) Investigation. The police department must investigate into the truthfulness of the statements set forth in the application and shall endorse the findings thereon. The applicant must furnish to the police license inspector such evidence as the inspector may reasonably require in support of the statements set forth in the application. (e) Public hearing. The council member may request a public hearing at council, or in the evening hours at a location in the approximate vicinity of the proposed location. (f) Persons ineligible for a license. No licenses under this chapter will be issued to an applicant who is a natural person, a partnership if such applicant has any general partner or managing partner, a corporation or other organization if such applicant has any manager, proprietor or agent in charge of the business to be licensed, if the applicant: (1) Is a minor at the time that the application is filed; (2) Has been convicted of any crime directly related to the occupation licensed as prescribed by Minnesota Statutes, Section 364.03, Subd. 2, and has not shown competent evidence of sufficient rehabilitation and present fitness to perform the duties of a licensee under this chapter as prescribed by.Minnesota Statutes, Section 364.03, Subd. 3; or (3) Is not of good moral character or repute. Bond reaulred. Before a license will be issued, every applicant must submit a five thousand dollar($5.000.00) bond on the forms provided by the licensing authority.All bonds must be conditioned that the Drincipal will observe all laws in'relation to pawnbrokers and will conduct business in conformity thereto, and that the principal will account for and deliver to any person legally entitled any goods which have come into the principal's hand through the Principal's business as a Pawnbroker, or in lieu thereof. will Pay the reasonable value in money to the Person. The bond shall contain a provision that no bond may be canceled except upon thirty (30) days written notice to the city, which shall be served upon the licensing authority. Records required.At the time of any reportable transaction other than renewals extensions or redemptions, every licensee must immediately record in English the following information by using ink or other indelible medium on forms or in a computerized record approved by the police department: (1) A complete and accurate description of each item including but not limited to any trademark, identification number, serial number, model number, brand name or other identifying mark on such an item. (2) The purchase price amount of money loaned upon or pledged therefor. (3) The maturity date of the transaction and the amount due, including monthly and annual interest rates and all Dawn fees and charges. (4) Date, time and place the item of Property was received by the licensee and the unique alpha and/or numeric transaction identifier that distinguishes it from all other transactions in the licensee's records. APS PAWN ORD LANGUAGE Rev 1.1.doc 5