The provisions of Section 172a shall not apply to the sale, gift, or exposing or offering for sale of alcoholic beverages by a licensee under the Alcoholic Beverage Control Act within the premises occupied by any bona fide club which is situated within one mile of the campus of Whittier College in the City of Whittier, or one mile or more from the campus of Leland Stanford Junior University near the City of Palo Alto, provided the club meets all the following requirements:
(a) The club shall have been organized and have existed for not less than 10 years continuously.
(b) The club shall have a bona fide membership of not less than 350 persons.
(c) The club shall own the building which it occupies.
(Amended by Stats. 1970, Ch. 1285.)