(A) There is hereby created a City Charitable Gambling Fund which shall be held for safekeeping by the city in an account separate from any city funds. These funds shall be designated “Afton Charitable Gambling Fund.” No expenditures shall be made from these funds except upon resolution by the City Council and then only for “lawful purposes” as defined by M.S. § 349.12, subdivision 25, as it may be amended from time to time.
(B) Each organization within the city which is licensed by the state to conduct lawful gambling shall contribute 10% of its net profits as defined by M.S. § 349.12, as it may be amended from time to time, monthly to the City Charitable Gambling Fund.
(Prior Code, § 8-89) (Ord. 2005-6, passed 4-19-2005)