A licensee shall conduct a bingo game only on property owned or leased by it or on property whose use has been donated to the licensee organization, and which property is used by such organization for an office or for performance of the purposes for which the organization has been created. The license issued under this chapter shall authorize the holder thereof to conduct bingo games only at the address of record stated in the license application. In the event that the described property ceases to be used as an office or as a place for the performance of the purposes for which the licensee organization has been created, the license shall have no further force or effect. A new license may be obtained by an eligible organization, upon application under this chapter, when it again owns, leases or uses property for an office or for the performance of the purposes for which the organization has been created. Nothing in this section shall be construed to require that the property owned or leased by or whose use is donated to the licensee shall be used or leased exclusively by such organization. (Ord. 585-88 § 4: prior code § 14-133)