(A) Any person, corporation, or eligible organization which leases any premises that it owns to two or more eligible organizations for purposes, including the conduct of bingo occasions, shall not allow more than four bingo occasions to be conducted on the premises in any week.
(B) Any eligible organization which leases any premises to one or more other eligible organizations for purposes, including the conduct of bingo occasions, shall use the proceeds of the rental less reasonable sums for maintenance, furnishings, and other necessary expenses only for the uses for which bingo profits may be used as set out in § 131.42. Not less than once each year the lessor organization shall report to the City Council the disposition of all receipts which it has received during the reporting period from the rental of its facilities to other organizations for purposes, including the conduct of bingo occasions.
(C) No eligible organization shall conduct bingo on any leased premises without a written lease for a term at least equal to the remainder of the term of the bingo license of the lessee organization. Lease payments shall be at a fixed monthly rate or rate per bingo occasion not subject to change during the term of the lease. No lease shall provide that rental payments be based on a percentage of receipts or profits from bingo occasions.
(Prior Code, § 3-8-7)