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if <br />1, 2 5 , 0, 4 0 Liocal G,ambling Tax and Local <br />A <br />Expendi turies Any organization which ensed to <br />1 <br />d a—w Igam -i Is <br />c o n,u t f U1 bl, 0 ng in- the City shall do the <br />f ollow 1, nig: <br />Ii <br />Gross receipts, f rom liawf u! gambling and <br />amounts acittally paid out for prizes,, <br />(2) Net, prof its derivied f rom lawf ul. <br />g'am,bil, i ng . <br />in <br />(3) Amounts paid to noin-iprof itr tax exempt, <br />organ izat i*o'lns purs,uant to Section <br />1,25*040 (2), above. <br />