(a) Upon the award of days to any applicant, the Commission shall issue a license for the holding of the meet or meets during the days awarded to the applicant.

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(b) The license shall be subject to all rights, regulations and conditions from time to time prescribed by the Commission.

38 Del. Laws, c. 62, § ?9; Code 1935, § ?5504; 28 Del. C. 1953, § ?324; 68 Del. Laws, c. 84, § ?173(a);