(b) The Board may issue the license for use by a club that:

(1) has been incorporated for at least 2 years before the license application is made;

(2) has at least 25 members paying dues of at least $50 per year per member;

(3) maintains sleeping accommodations on the club premises for 25 club members or guests; and

(4) has facilities for preparing and serving food on the club premises to members and guests.

(c) The license authorizes the license holder to sell beer, wine, and liquor at the place described in the license, for on-premises consumption.

(d) The annual license fee is $600.