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ARTICLE
III
DUES, FEES, ASSESSMENTS AND
FISCAL YEAR
Payment
of initial fee by applicant shall vest upon the same all the rights,
privileges and prerogatives of his membership in the Association.
Said payment shall be deemed an acknowledgement by the applicant
of his/her assent to the purposes of this Association and compliance
with all of the provisions of these Bylaws.
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Section
2 -
The annual dues
shall be such amount as shall be determined by the Board of
Directors, and shall become due on the first day of October
of each year.
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Section
3 -
The Board of Directors shall have authority to levy such special
assessments to the members from time to time as shall be necessary,
to meet unusual expenditures or to finance a special project
or program in furtherance of the purposes of this Association.
However, any such proposed assessment may be nullified by a
majority vote of the members of this Association present and
voting at a meeting called for such purposes and held within
thirty (30) days after notice of such proposed assessment shall
have been given by the Board of Directors to the members.
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Section
4 - The
fiscal year of this Corporation shall run from October 1st
through September 30th of each year.
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