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15 <br /> CHAPTER 321. SECONDHAND DEALERS* <br /> *Editor's note--Ord. No. 98-Or-058, § 1, adopted June 26, 1998, repealed Ch. 321, in its <br /> entirety, which pertained to secondhand dealers. Ord. No. 98-Or-059, § 1, adopted June 26, <br /> 1998, amended the Code by adding provisions designated as a new Ch. 321 to read as herein <br /> set out. See the Code Comparative Table. <br /> Charter references)--Authority to license and regulate pawnbrokers, secondhand dealers and <br /> junk dealers, Ch. 4, § 5(1). <br /> State law reference(s)--Misconduct of pawnbrokers, M.S. §609.81; misconduct of junk or <br /> secondhand dealers, §609.815. <br /> ARTICLE I. SECONDHAND DEALERS <br /> 321.10. Definitions. As used in this article: <br /> Auction house dealer shall mean any secondhand dealer where some, or all, of the secondhand <br /> merchandise is offered for sale for the highest bid or offer tendered. If the sale is conducted by <br /> means of an auction, the auctioneer must be properly licensed and bonded in accordance with <br /> applicable laws. <br /> Billable transaction shall mean every reportable transaction conducted by a secondhand dealer, <br /> regardless of the number of items received in that transaction. <br /> Business manager shall mean a person(s) designated by the licensee to operate a business in <br /> the licensee's absence. A licensee must designate a manager to operate the licensed business <br /> if the licensee does not personally provide on-site supervisory services at the business at least <br /> sixty-four(64) hours per month. <br /> Consignment shall mean a written agreement between a dealer and a seller that enables the <br /> dealer to take temporary possession of secondhand property, owned by the seller, for the <br /> purpose of offering it for sale to the public. Agreement shall state the terms under which the <br /> seller will be compensated, and the amount of that compensation. <br /> Dealer shall mean any natural person, partnership or corporation, either as principal or agent or <br /> employee thereof, licensed under this article. <br /> Precious gems shall mean any gem that is valued for its character, rarity, beauty or quality, <br /> including diamonds, rubies, emeralds, sapphires or pearls, or any other such precious gems or <br /> stones, whether as a separate item or in combination as a piece of jewelry or other crafted item. <br /> Precious metals shall mean gold, silver, platinum, and sterling silver, whether as a separate <br /> item or in combination as a piece of jewelry or other crafted item, except items plated with <br /> precious metal(s) and the plating equals less than one (1) percent of the items total weight. <br /> Receive shall mean to purchase, accept for sale on consignment, broker, or receive in trade for <br />