A. No person shall engage in the business of a pawnbroker within the Town of Front Royal without a valid license issued by the Town, nor in any location other than the one designated within his license.  Any person who violates the provisions of this section shall be guilty of a Class I Misdemeanor.

B. No person shall be licensed as a pawnbroker without having in existence a bond with surety in the minimum amount of $50,000.00 to secure the payment of any judgment recovered under the provisions of Section 54.1-4003(B) of the Code of Virginia.

C. For every license for engaging in business as a pawnbroker there shall be paid a license tax of THIRTY DOLLARS ($30.00).  Such license tax shall be pro-rated.

D. No license shall be granted to any person to operate or conduct more than one (1) pawnshop or pawnbroker's sales store in the Town of Front Royal; provided, however, this provision shall not apply to any person who owns and is licensed to operate or conduct more than one (1) pawnshop or pawnbroker's sales store in the Town of Front Royal on the date this ordinance becomes effective but no license shall be granted after the effective date of this ordinance to any such person to operate or conduct any additional pawshop or pawnbroker's sales store in excess of the number of pawnshops or pawnbroker's sales store operated or conducted by such person on the date this ordinance becomes effective.