(A) Any person, corporation or eligible organization, which leases any premises that it owns to two or more eligible organizations for the 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 eligible organizations for the 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 § 114.27 of this chapter. Not less than once each year, the lessor organization shall report to the City Council the deposition of all receipts which it has received during the reporting period from the rental of its facilities to other organizations for the purposes including the conduct of bingo occasions.
(C) No eligible organization shall conduct bingo on any leased premises without a written lease for the term at least equal to the remainder of the term of the 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 such lease shall provide that rental payments be based on a percentage of receipts or profits from bingo occasions.
(Prior Code, § 930.13) Penalty, see § 114.99