Individual raffles may be licensed upon proper application to the Village Clerk’s office by the use of application forms available at the office.
   (A)   Application. All applications shall be presented not less than seven days prior to the issuance or sale of raffle chances and the application shall be acted upon within 30 days from the date of application.
   (B)   Conditions. The issuance of a license under this subchapter shall be conditioned upon the applicant designating a single raffle manager who shall supervise the conduct of the raffle.  The manager shall give a fidelity bond in an amount not less than a sum equal to the aggregate retail value of all prizes or merchandise awarded by licensee in a single raffle, and further conditioned upon his or her honesty in the performance of his or her duties.  Terms of the bond shall provide that notice be given in writing to the licensing authority not less than 30 days prior to its cancellation.  Any waiver of this bond requirement must be clearly indicated on the face of the license; however, no such waiver shall be granted unless the issuer of the license is provided with satisfactory evidence that the waiver is approved by the unanimous vote of the members of the licensed organization.
   (C)   Fee. A fee of $1 shall be assessed for each application processed under this subchapter.
(1983 Code, § 3-3C-3)