7-6-11   PRIZE LIMITATIONS; TERM.
   (A)   The aggregate retail value of all prizes or merchandise awarded by a licensee in a single raffle or poker run shall not exceed One Million Dollars ($1,000,000.00);
   (B)   The maximum retail value of each prize awarded by a licensee in a single raffle or single poker run shall not exceed One Million Dollars ($1,000,000.00);
   (C)   The maximum price which may be charged for each raffle chance issued or sold or each poker hand shall not exceed One Hundred Dollars ($100.00);
   (D)   The maximum number of days during which chances may be issued or sold or poker hands issued or sold shall not exceed one (1) year;
   (E)   Licenses issued pursuant to this Code shall be valid for one (1) raffle and may be suspended or revoked for any violation of this Code;
   (F)   Licenses shall be issued to bona fide religious, charitable, labor, fraternal, educational, or veterans’ 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 that entire five (5) year period a bona fide membership engaged in carrying out their objectives;
   (G)   The above-mentioned types of organizations shall be defined pursuant to 230 ILCS 15/.01 et seq., being the Raffles and Poker Run Act;
   (H)   No person, or organization shall be issued more than one (1) license in a period of one (1) week;
   (I)   The manager of a raffle game or poker run shall give a fidelity bond in the sum of One Thousand Dollars ($1,000.00) in favor of the organization conditioned upon his honesty in the performance of his duties. The Mayor or his designated representative is authorized to waive requirement for bond by including a waiver provision in the license issued, provided that the license containing such waiver provision shall be granted only by unanimous vote of the members of the licensed organization. The terms of the bond shall provide that notice shall be given in writing to the licensing authority not less than thirty (30) days prior to its cancellation.