Bylaws
 
 
 
 

ARTICLE III

DUES, FEES, ASSESSMENTS AND FISCAL YEAR

  • Section 1 - Every applicant, at the time of admission to the Association, shall pay the initial fee or dues for the fiscal year for which the applicant is admitted.

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.

  • 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.

  • 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.

  • Section 4 - The fiscal year of this Corporation shall run from October 1st through September 30th of each year.

 

 

 
 
 
 

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