A. Application for a pawnbroker’s license shall be made to the license officer and shall state the name thereon, the name of the applicant, the place of business, and the number of employees intended to be engaged.

B. Each application must be accompanied by a performance guarantee of a $1,000 cash deposit in the name of West Point City. If the licensee is found to violate any of the provisions of this chapter, the performance guarantee will be forfeited and the licensee will be required to repost a performance guarantee.

C. The city manager or any other officer of the city so designated shall investigate each applicant for such license. No license shall be issued to a person who has been convicted of the offense of receiving stolen goods or of burglary or robbery. [Code 2000 § 16-10-2].