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).