§ 205. License for running races and steeplechase meetings. Any non-franchised corporation desiring to obtain the benefits of the provisions of section two hundred three of this article, if proposing to conduct a race course or race meeting for running races or steeplechases, may annually apply to the state racing and wagering board for a license to conduct running races and race meetings or steeplechases and steeplechase meetings, as the case may be. If, in the judgment of such board the public interest, convenience or necessity will be served thereby and a proper case for the issuance of such license is shown consistent with the purposes of this article and the best interest of racing generally, it may grant such license, for a term within the calendar year, which shall specify the dates and period of time during which, and the place where, the licensee may operate. The fee for such license shall be one hundred dollars for each racing day payable upon issuance of license. In considering an application for a license under this section, the state racing and wagering board may give consideration to the number of licenses already granted and to the location of the tracks previously licensed. Every such license shall contain a condition that all running races or race meetings conducted thereunder shall be subject to such reasonable rules and regulations from time to time prescribed by the board, designated as the "rules of racing". Before promulgating such rules of racing or modifying or abrogating any of them, the board shall give the jockey club, a corporation organized under the laws of the state of New York, an opportunity to submit recommendations relative to such rules for running races and race meetings, and to the national steeplechase and hunt association, a corporation organized under the laws of the state of New York, an opportunity to submit recommendations relative to such rules for steeplechases and steeplechase meetings, and the board may adopt, to the extent that it deems appropriate, any rules so submitted by either of such corporations or by any other nationally recognized association or corporation which has for its purpose the improvement of the breed.