1. Upon the award of dates to any applicant and upon payment of the license fees as prescribed in this chapter, the Commission shall issue a license for the holding of the meeting or meetings during the dates awarded to the applicant, and for which the license fees shall have been paid.
2. A licensee shall be subject to all the rights, regulations and conditions from time to time prescribed by the Commission and the license shall be subject to suspension or revocation by the Commission as provided in this chapter.