§ 608 - -Application; bond - Vermont Statutes

§ 608. -Application; bond

Fair associations or corporations which now conduct annual agricultural fairs in Vermont, or Vermont corporations who wish to conduct extended race meetings, with a percentage as designated for the benefit of state stipend fund, shall be eligible to apply for a license. An eligible association or corporation desiring to hold a running or harness horse race or meet for public exhibition at which pari-mutuel pools are to be sold, shall apply to the commission to do so. Every fair association, or corporation conducting horse racing or meets at which pari-mutuel pools are to be sold under license from the commission created herein shall give a bond in a sum not to exceed $75,000.00 as shall be determined by the commission, with good and sufficient surety or sureties, conditioned upon the faithful performance of its duties and obligations to the state of Vermont as prescribed herein. (Added 1959, No. 259, § 3; amended 1973, No. 233 (Adj. Sess.), § 4, eff. April 3, 1974; 1995, No. 12, § 5, eff. April 5, 1995.)