Page:United States Statutes at Large Volume 58 Part 1.djvu/845

 58 STAT.] 78TH CONG., 2D SESS.-CH. 612-DEC. 20, 1944 For promoters, not to exceed $25 per annum, and, in addition, not to exceed $10 for each show. For amateur contestants, not to exceed $1 per annum. For referees, not to exceed $10 per annum, and for such other occu- pations as the Commission may by regulation prescribe, not to exceed $10 per annum. SEC. 8. Applications for licenses shall be accompanied by the required license fee, payable in advance, and shall be made on such forms and contain such information as may be required by the Commission. Licenses shall expire one year from date of issue unless sooner revoked and may be renewed annually. Before a license shall be granted to a promoter, he shall execute and file with the Commission a bond in the sum of $2,000 or 10 per centum of the estimated receipts, whichever is the larger, to be approved as to form and sufficiency of sureties by the Commissioners of the District of Columbia, or by such official as they may designate, or in lieu thereof cash or certified check in equal amount, conditioned for the faithful performance by said promoter of the provisions of this Act and the rules and regulations promulgated thereunder, the fulfillment of his contracts with contestants or their managers, and the payment of license and permit fees and taxes on gross receipts. In case of default in such performance, recovery may be had on such bond in the same manner as other penalties are recov- ered by law. SEc. 9. Every person holding or conducting any boxing contest. for which an admission fee is charged or received, shall notify the Com- mission not less than five days in advance of the holding of such contest, and after the holding of such contest shall pay forthwith to the Com- mission a sum, hereby designated as a "gate tax", which shall be an amount equal to 10 per centum of the gross receipts, exclusive of any Federal taxes thereon. Payments of money required by this section shall be accompanied by reports in such form as shall be prescribed by the Commission. All tickets of admission to any such boxing con- test shall bear clearly upon the face thereof the purchase price of same. SEc. 10. All funds, whether in cash or other form derived from license fees, permit fees, taxes on gross receipts, penalties, and receipts of whatever nature collected or due under the Act of April 24, 1934, remaining unexpended or unobligated on the effective date of this Act or provided for by this Act shall be paid to the collector of taxes of the District of Columbia and deposited into the Treasury of the United States to the credit of the account "Miscellaneous trust-fund deposits, District of Columbia Boxing Commission", and shall be disbursed in the same manner as other trust funds are disbursed by the District of Columbia. The said trust fund shall be available to pay com- pensation of members and employees of the Commission and reason- able and necessary expenses, including office supplies, furniture and fixtures, postage, official badges, ring equipment, trophies, and actual and necessary traveling expenses of members of the Commission or employees thereof incurred in the performance of their official duties. The said fund shall not be available to pay compensation to members of the Commission unless the same is sufficient to pay the secretary and other employees of the Commission their accrued compensation. If, on the last day of any fiscal year-that is to say, June 30-after the payment, or provision made for payment, of all lawful obligations and of all then accrued compensation of members and employees of the Commission, the said trust fund shall exceed the sum of $15,000, such excess shall be deposited to the credit of the District of Columbia as miscellaneous revenues. The disbursing officer of the District of Columbia is authorized to advance to the Commission, upon requisi- 825 Applications for li- censes. Expiration and re- newal. Bond. "Gate tax" pay. ments. Purchase price on face of ticket. Trust fund. 48 Stat. 608. D. C. Code 1I2-1201 to 2-1208 Salaries and expen- ses. Advaes to Cmn- nins/or

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