MORES By-Laws

ARTICLE IX
MEMBERSHIP FEES

Section 1: An entrance fee of P500.00 shall be paid upon acceptance of membership. The annual fee for membership shall be P7,000.00 plus P500.00 registration and processing fee paid once only. The membership fee is payable annually in advance, within the month of January each year to the Treasurer of the Society.

Section 2: The fiscal year of the Society shall be the calendar year.

Section 3: The following dues shall be paid by the member if the membership shall be made effective during the

First Semester              P3,500.00 plus P500 registration & processing fee (paid once only)
Second Semester        P3,500.00 plus P500 registration & processing fee (paid once only)

Dues will include the cost of meals during regular meetings. There shall be no refund of the cost of meals to members not attending the meeting.

Section 4: Failure to pay the membership fee within ninety (90) days after January 31, or July 31, in the case of semi-annual payments, after two official reminders by the Treasurer of the Society, shall constitute grounds for the Board of Directors to terminate the membership of any member.

ARTICLE X
AMENDMENTS

Section 1: A majority vote of members voting in person, at a regular or special meeting duly called for the purpose, may amend or repeal this By-Laws.

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