(A) Location: Sales of raffle chances shall be only at locations designated in the license application and which are within the corporate limits of the city.
(B) Eligibility For License: Licenses shall be issued only to bona fide religious, charitable, labor, fraternal, educational, veterans or business organizations that operate without profit to their members and which have been in existence continuously for a period of five (5) years immediately before making application for a license and which have had during the entire five (5) year period a bona fide membership engaged in carrying out their objectives.
(C) Duration Of License: Licenses shall permit the applicant to issue or sell raffle chances only for those dates stated in the license application, but in no event shall the period of sales exceed one hundred eighty (180) days. Each license is valid for one raffle only.
(D) Maximum Value Of Prizes:
1. The aggregate retail value of all prizes or merchandise awarded by a licensee in a single raffle shall not exceed one hundred fifty thousand dollars ($150,000.00).
2. The retail value of each individual prize awarded by a licensee in a single raffle shall not exceed one hundred fifty thousand dollars ($150,000.00).
(E) Price Of Chances: The price charged for each raffle chance sold or issued shall not exceed two hundred fifty dollars ($250.00). (Ord. 1248, 6-6-1989)