Nothing in the provisions of this title mean that the operator of a watercraft or participant competing in a race, regatta, or water show, or trials therefor, which has been duly authorized by a permit obtained from the Chief of Police or by an appropriate governmental agency or authority, shall be prohibited from attempting to attain high speeds on duly designated and indicated courses, nor while so engaged, shall such watercraft or participant be required to comply with Section 14.16.030, Chapter 14.20 and Chapter 14.36. Applications for such permit shall be made in writing at least ten days before the event. (Ord. 377 § 23, 1965).