11-1359 Creating Article VI in Ch 26 - Regulation of Secondary Metals

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Regulated Metals Property — any item composed primarily of any nonferrous metals, but shall not include aluminum beverage containers, used beverage containers, or similar beverage containers. For purposes of enforcement under this Ordinance the term shall also include stainless steel beer kegs. Restricted Regulated Metal Property — the specific regulated metal items that are listed in Section 26 -139 of this Code, the sale of which is restricted as provided in this ordinance. Secondary Recycler— any person who: (a) is engaged, from a fixed location or otherwise, in the business of gathering or obtaining ferrous or nonferrous metals that have served their original economic purpose or is in the business of performing the manufacturing process by which ferrous metals or nonferrous metals are converted into raw material products consisting of prepared grades and having an existing or potential economic value; or (b) has facilities for performing the manufacturing process by which ferrous metals or nonferrous metals are converted into raw material products consisting of prepared grades and having an existing or potential economic value, other than by the exclusive use of hand tools, by methods including, without limitation, processing, sorting, cutting, classifying, cleaning, baling. wrapping, shredding, shearing, or changing the physical form or chemical content thereof. Seller- the person from whom the regulated metal property is acquired. Section 26 -138. Limitations on Cash Transactions. A. A secondary metals recvcler shall not enter into any cash transaction for the purchase of any restricted regulated metals property listed in Section 45.203 of this Code. B. Payment by a secondary metals recvcler for the purchase of restricted regulated metal property shall be made by check issued to the Seller and payable to the Seller or by electronic payment to the Seller's bank account or to the Seller's employer's bank account. C. Each check for payment shall be mailed by the secondary metals recvcler directly to the current street address of the Seller which is on file with the secondary metals recvcler unless otherwise provided in this Part. Payment shall not be mailed to a post office box. Electronic payments shall be sent to an account for which the Seller is listed as an account holder or an employee or agent thereof. Ordinance 11 -1359 Page 3