Section 4.05 - Authorized Agent-licenses, Filing Instrument, etc(1) Each authorized agent must obtain a license from the Commission.(2) Application for a license must be filed for each owner represented.(3) If a written instrument signed by the owner accompanies the application it shall clearly set forth among the delegated powers whether or not said agent is empowered to collect money from the Association.(4) If the written instrument is a power of attorney, it shall be filed permanently with the racing secretary. If, however, the powers are properly delegated by the owner on the application form for a license then said application shall be in duplicate with both copies signed and sworn to before a Notary Public and one copy filed permanently with the racing secretary.(5) An Authorized Agent may appoint a sub-agent only when specifically authorized so to do by the above said written instrument and, to be effective, notice of such appointment must be given immediately in writing to the Commission.(6) Any changes must be in writing and filed as provided.(7) If an agent represents more than one owner a separate written instrument shall be filed for each owner and the fee paid in each case.(8) The term of the license shall be the calendar year unless the owner revokes the agent's appointment or the Commission revokes the license.(9) Owner's revocations must be filed in writing with the Commission and with the racing secretary.