5.12.120 Profits.
   Those organizations exempt from payment of the bank and corporation tax by Section 23701d of the Revenue and Taxation Code of the state shall keep all profits derived from a bingo game in a special fund or account and these profits shall not be commingled with any other funds or accounts. Such profits shall be used only for charitable purposes.
(Ord. 314 § 13, 1977; Ord. 295 § 12, 1977).