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12 5 * 0 4 0 Local Gambli ng Tax and Local <br />gXpe. n d i t u r e s & Any organiziat,3.on which licensed to <br />MI <br />clonduct Lawful gambliong in the City shall do the <br />following: <br />4 <br />Grios,s receipts from lawful gambling and <br />amounts actually paid out for prizes, <br />prof its dear' d from lawful <br />gambling. <br />(3) Amount is paid to non-profit, tax exempt, <br />organizations pursuant to Section <br />125*1040 (2), above. <br />