ARTICLE VI

DUES

Section 1Dues

 

The new graduates may pay an initial membership fee of P50.00, for old members, a yearly membership fee of P20.00 shall be payable to the association’s treasurer. Extra contribution  may be called for the subject to the approval of the majority vote of the members of the Board of Directors.

 

A life membership fee of P300.00 will be paid by an active member who would like to avail of the privilege of becoming a life member of the association. He shall no longer be required to pay the annual dues of P20.00.

 

All regular members shall pay their dues on or before the annual general homecoming meeting. They shall be entitled to all privileges given by the association effective the date to the payment to the treasurer.

 

The fiscal year of the association shall commence on January 1 and end on December 31 of each year.

Section 2Arrears of Members

 

(a)  A regular member with 2 years in arrears shall be notified by the treasurer:        otherwise, his name shall be dropped from regular membership for the failure to settle his account.