No license fee shall be required under the provisions of Section 755.07 of any person keeping or maintaining within the Municipality any coin-in-the-slot machines or devices, which are not gambling devices under the laws of this State, if the owner, operator, or sponsor of such machines or devices attaches to his license application the affidavit of the chief official of a nonstock corporation or nonprofit organization stating that:
(a) Not less than twenty percent (20%) of the gross receipts from such machines or devices are payable to the nonstock corporation or nonprofit organization;
(b) The gross receipts paid to such nonstock corporation or nonprofit organization shall be used solely for benevolent, patriotic, civic, educational, or philanthropic purposes; and
(c) The execution of the affidavit has been authorized by a duly constituted meeting of the trustees, directors, or members of such nonstock corporation or nonprofit organization.
(1978 Code Sec. 8-29)