Any person that announces or advertises that he will grant degrees when said institution has not been granted authority under the provisions of this act to grant degrees shall be deemed guilty of a misdemeanor, and on conviction thereof, shall be punished for each offense by a fine of not less than One Hundred Dollars ($100.00), or more than Five Hundred Dollars ($500.00), or by imprisonment for not less than thirty (30) days or more than six (6) months, or by both fine and imprisonment.
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