Any carnival, circus, fair, minstrel, or other like concern or organization not permanently domiciled within the state, which shall enter the state for the purpose of doing business herein, shall, before beginning operations, make a full disclosure under oath to the secretary of state of the State of Mississippi relative to its financial responsibility, and the secretary of state after receiving same, may in his discretion require said concern to deposit with him acceptable evidence that such person, firm or corporation holds a liability or indemnity insurance policy in force and to continue in force during the period of operations in this state, and issued by an insurance company amenable to legal process in this state, conditioned to pay any final judgment against such person, firm or corporation for personal injury or property damages resulting from, growing or arising out of the operation of said concern or organization in this state. Provided that such insurance policy shall be approved by the secretary of state as to its sufficiency and as to the amount so required, the secretary of state in fixing the amount so required shall take into consideration the size of the concern or organization and the attendance and gate receipts thereof. Provided, however, that nothing in this section shall be so construed to include skating rinks that may be moved from one place to another.

Said concern shall likewise disclose under oath the type of ownership, whether sole proprietorship, partnership, corporation, the domicile of said concern, and if owned by more than one entity, the full name, domicile and type of entity.

Upon such concern complying with all of the above provisions the secretary of state shall issue said concern a certificate of compliance valid for twelve (12) months from date of issue.