§ 421. Approval of plans of corporation or association. The commission
shall not grant to a corporation or association hereafter formed
pursuant to sections two hundred twenty-two through seven hundred five
of this chapter, a license to conduct a quarter horse race meeting at
which pari-mutuel betting may be conducted within the state until such
corporation or association shall have submitted to the commission a
statement of the location of its proposed grounds and racetrack,
together with a plan of such racetrack, and plans of all buildings,
seating stands and other structures in such form as the commission may
prescribe, and such plans shall have been approved in writing by the
commission. Alterations of existing buildings, seating stands and other
structures, and the erection of new or additional buildings, seating
stands or other structures may be made only with the written approval of
the commission and after examination and inspection of the plans thereof
and the issuance of a permit therefor by the commission. The commission
at the expense of the applicant may order such engineering examination
thereof as the commission may deem necessary. The approval of the
certificate of incorporation of such corporation or association shall
not be deemed to vest in it the right to a license to conduct quarter
horse race meetings at such race course or racetrack unless such
grounds, track, buildings, seating stands and other structures shall be
completed in accordance with the plans approved by the commission.