Section 5.05 - Authorized Agent(1) Each authorized agent must obtain a license from the Commission.(2) A written instrument signed by the owner shall accompany the application which shall clearly set forth among the delegated powers whether or not said agent is empowered to collect money from the Association.(3) 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 before a Notary Public and one copy filed permanently with the Racing Secretary.(4) An authorized agent may appoint a sub agent only when specifically authorized to do so by the written instrument signed by the owner and to be effective, notice of such appointment must be given immediately in writing to the Commission and the Racing Secretary.(5) Any changes in the powers delegated by the owner of the authorized agent must be in writing, sworn to before a Notary Public and filed with the Commission and the Racing Secretary.(6) An owner's revocation of an authorized agent's authority must be in writing, sworn to before a Notary Public and filed with the Commission and the Racing Secretary.(7) The term of the authorized agent's license shall be the racing season unless the owner revokes the agent's appointment or the Commission revokes the license.