A.    All operation of and the conduct of raffles shall be under the supervision of a single raffles manager designated by the organization.

    B.    The raffles manager shall give a fidelity bond, equal in amount to the aggregate retail value of all prizes to be awarded, in favor of the licensee, conditioned upon his honesty in the performance of his duties. Terms of the bond shall provide that notice shall be given in writing to the licensing authority not less than thirty (30) days prior to its cancellation.

    C.    In addition to the above requirement, the licensee organization shall give a fidelity bond, equal in amount to the aggregate retail value of all prizes to be awarded, in favor of the city, conditioned upon its honesty in the performance of the raffle. Terms of the bond shall provide that notice shall be given in writing to the licensing authority not less than thirty (30) days prior to its cancellation.

    D.    The city council may waive the aforementioned bond requirements by including a waiver provision in the license issued to an organization under this chapter; provided, that the waiver shall be granted only by unanimous vote of the city council. (Ord. 636 § 1 (part), 1987: prior code § 22-3-2)