Sales by a person sponsored by either a public school or a "school", as defined in section 2.7.104 of this article, are exempt. This exemption shall include only one hundred fifty dollars ($150.00) of sales by the person for each of the following quarters of the calendar year: January through March, April through June, July through September and October through December; and:
A. The funds derived from the sales are either deposited in a school account or are otherwise accounted for through the school administration; and
B. The proceeds from the sale are used for the benefit of the school or the person sponsored by the school; and
C. The person is a student enrolled in the school or is an organization primarily composed of students enrolled in the school. (1968 Code §3-75; Ord. 80-105; Ord. 01-42)