ARTICLE 26: INCOME

Admission and membership fees, fund-raising, sponsorship, donations and any other
forms of legal income provide the Club's financial income.
The Annual General Assembly fixes the annual fee for each category of member. This
fee must be paid to the Club by 15 January of each year. Failure to pay by that date may
result in the member being suspended. Before the suspension may be lifted, a late
payment charge plus all outstanding monies, must be paid. All international fees must be
paid to Skal International by 31 March each year. Unpaid dues after this date will be
subject to a late payment charge by Skal International.
The Club has the authority to make assessments on members, upon the affirmative vote
of at least two-thirds of the Active, Life and Transfer-Active-Out members present and
voting at a General Meeting, the call for which shall include notice of the proposal.
Fees are due for the full year whenever the member is admitted. The Board may reduce
the amount of the fees due by new members admitted during the fourth quarter of the
year.