Within fourteen (14) days from the date of an application for a license, the Village Manager shall either issue a license or advise, in writing, the applicant of the reason for denial of a license. The license is subject to the following conditions and restrictions:
A. Number Of Raffles Limited: Each license is valid for one raffle only; (1992 Code)
B. No Fee: There shall be no fee charged for the license; (1992 Code; amd. 2000 Code)
C. Retail Value Of Prizes: The aggregate retail value of all prizes or merchandise awarded by a licensee in a single raffle shall not exceed twenty five thousand dollars ($25,000.00) unless otherwise provided by resolution of the village board;
D. Exception To Value Of Prizes Restriction: The retail value of each prize or item of merchandise awarded by a licensee in a single raffle shall not exceed twenty five thousand dollars ($25,000.00) unless otherwise provided by resolution of the village board;
E. Price For Raffle Chances: The price which may be charged for each raffle chance, ticket, and the like issued or sold by a licensee in a single raffle shall not exceed one hundred dollars ($100.00), unless otherwise provided by resolution of the village board; and
F. Issuance Of Chances; Time Limit: The maximum number of days during which chances, tickets, and the like may be issued or sold shall be ninety (90) days, unless otherwise provided by resolution of the village board. (1992 Code)