A. Agricultural Fair Corporations shall not be conducted for profit, and shall have no capital stock or income other than that derived from charges to exhibitors and fees for membership and admissions. Such charges and fees, together with the term of membership and mode of acquiring membership shall be provided for in the bylaws of the corporations.
B. Any charges and fees shall not be greater than necessary to raise sufficient money to discharge the debt for the real estate and the improvements thereon, and to defray the current expenses of fairs.
R.L. 1910, § 24. Amended by Laws 2001, c. 146, § 148, emerg. eff. April 30, 2001. Renumbered from § 33 of this title by Laws 2001, c. 146, § 267, emerg. eff. April 30, 2001.