(A) Pursuant to authority and approval given by special election in accordance with the Nebraska County and City Lottery Act, the City of Loup City, Sherman County, Nebraska, shall establish and conduct a lottery or lottery system, and by these presents, does hereby establish a municipal lottery and lottery system, the proceeds from which are to be used for community betterment purposes, awarding of prizes to participants, taxes and expenses pursuant to the provisions of the Nebraska County and City Lottery Act and the regulations of the Nebraska Department of Revenue, as now existing or hereafter amended or supplemented.
(B) The City Council shall hereafter adopt by resolution such rules and regulations as it may deem necessary or proper to establish, implement, regulate, and conduct such lottery or lottery systems and shall have authority, by resolution, to amend, modify, or supplement such rules and regulations, from time to time, as the circumstances may require.
(1990 Code, § 10-701) (Ord. 344, passed 10-10-1989)