All management, operation, and conduct of all raffles and poker runs shall be under the supervision of a single raffle manager designated by the licensee. The manager shall give a fidelity bond equal in amount to the aggregate value of all prizes to be awarded for each raffle or poker run, which bond shall be in favor of the licensee, conditioned upon his honesty in the performance of his duties. The terms of the bond shall provide that notice shall be given in writing to the City Clerk not less than 30 days prior to its cancellation. The above bond requirement may be waived by the vote of the requisite number of members of the licensee (i.e. the organization receiving the license) or, if the licensee does not have members, then by the affirmative vote of the members of the governing board of the licensee. The occurrence of said unanimous vote shall be by affidavit of the organization’s presiding officer, filed with the City Clerk.
(Prior Code, Art. 11, § 11.17(g))