(A) Application. Those interested in conducting lawful gambling, which is otherwise exempt from licensing under M.S. § 349.214, as it may be amended from time to time, shall apply for a bingo or lawful gambling permit to the Council upon forms prepared by the Clerk/Treasurer/Administrator for that purpose. The application shall state where the games will be played and the dates and hours for which permission to play the game is requested. The organization shall not conduct lawful gambling at any place, date or time other than those specified in the application. The application shall be verified by a duly authorized officer of the organization and by the designated gambling manager. No application shall be accepted by the city, unless accompanied by the required investigation fee.
(B) Investigation fee. The Council by resolution may assess an investigation fee up to $100 on organizations applying for or renewing a state license or local permit to conduct lawful gambling in the city. State licenses shall be for a term listed on the license. Permits shall expire upon the date listed on the permit or 12 months after issuance.
(C) Fidelity bond. As a condition of permitting, the Council may require the permit applicant to provide a fidelity bond in the sum of $10,000 in favor of the organization. The bond shall be conditioned on the faithful performance by the manager of his or her duties. The bond shall not be canceled, except on 30 days written notice to the city. The Council may, by unanimous vote, agree to waive the fidelity bond requirement. If the waiver is granted, the permit must be endorsed to indicate the action.
(’77 Code, § 509.02)