Any person that collects or attempts to collect fees for matriculation, registration, tuition, books or for any other purpose, the inducement for which is a promise to grant an academic or professional degree, 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 upon conviction thereof, shall be punished for each offense by a fine of not less than One Hundred Dollars ($100.00), and not more than Five Hundred Dollars ($500.00), or by imprisonment for not less than thirty (30) days or for not more than six (6) months, or by both such fine and imprisonment.
Laws 1917, c. 147, p. 237, § 4.