Section 407. Hospitals; privileges to students

1. Whenever the person or
  persons having lawful control and management over any public hospital in
  any city or county in this state, shall grant to  matriculated  students
  of  any  legally  incorporated  medical  college in said city or county,
  privileges  of  admission  to  such  hospital  for  hearing  clinics  or
  lectures, or receiving medical or surgical instruction therein, the like
  privileges  and advantages shall be granted to the matriculated students
  in each and all legally incorporated medical colleges in said  city  and
  county  who  may desire the same, without distinction or preference, and
  upon equal terms and conditions as to all.
    2. Nothing in  this  section  shall  prevent  the  directors  of  such
  hospitals  from limiting the attendance of students in such hospitals to
  a number compatible with the welfare of patients. But in such limitation
  they shall receive  students  from  such  legally  incorporated  medical
  colleges  applying  for  such  admission  in proportion to the number of
  students in attendance upon such college.