'} OO tJrnJ.sh or receive any such 1..nfoz-....llt1on.
ARTICLE III l.
~~S~!P
A.l.l 1..nc11v14ua.ls, partnerships, an:i cr:> rroratiens located
1..~
the
tinl ted States u.nu!'aeturiJ'l& textiles c•Jt of z:a" a stestos f1 bre are
eligible to meabership 1n this Inst itute .
l.:eQ'bersh.1p 1n the !nst1tute ::ay be ter::.Ilated 'by the ~oard ot the failure ot a ~ew'ber to pay aey i."l.stal~e.nt ot fees, ~ues &n4/or assess~ents wtthin thirty days &!ter the ti=e deS1gr..ated !or suCh p~ent by the Beard of Governors. 2.
Covernor~ upo.A
_,
~. An:! Kabel' UT resi&n !rom the Institute at &%:11 t~ upon payment ot .h1J 4\.les an4/or assessments tor the currant qunrter and for tha th:'ft ~ quarterly pHio
• '0 0.. (1('J ('.)
..
:!'lis
~·c•
to replace Pase 3 1n ertoMel (except u ot.hel'W1Ja proY1dtd tor 1n t.hiM !)'-w•a) a.t •r tie tweeted to carT)' on tlW •oM! or t.ha ~at1t11t.e, and p~ l'~•• or alft.leriu the pvoc:Mnnc or euppl1u and equ1 ~m., pro.,1dtd t.he t~nMI tor •~h pwoel\&Mt 1haU not. eseted the appropnauona rueanJt ot operst1nc u. IM\1 tlft.e, •t11~ lhall be ~ad by Ull loar-0 ot eo.amon &nd be t ubjec:\ t.o Ule rat.1!1cat1oa or .,cU.t1cat1oa b7 IUI&I\1.,1d action ot tbe "'.,." or the lnat1tvt.. The b\adcet. UNa uublitt.d •r be ..U.t1ad at. arry I@Mquant ••tlzlc ol \be IMt1t.lft.l "T ~.ous •ott ot 1U llellbtrs .
All ot the dvUea aa ovtl.1Mcl 1A t.h1a c.l.aae •1 be dlltcat.ecl b7 ttw t..o t.lw Ml1at.&tlt Tr.uunr.
~:-
·
6.
In1Uat.1on '"'• Duet and hMta•nu• Each .,..,.,. ot the IMUtlft.e t..U \ u\lt.iaUon l" ol i5dO a( \ .. ii• 1\ JOiN tl'la InaUtne. Ad41UGn&l \ tund• req~red tor upencUt\lnt a\1\.honucl bT \he •IIbert an4 ll)' the loaJ"'d ot Co.,.mors ot U. IM\1\Ift.e th&U. be coUacWd bT .......nt.a tro• ••~ •.t>er UJ)OD \I» loU~ bUetl ..-ra1 IIMie.lltl, hUowtbif .......Mt Ud Air ~·M a'!•t-M.t IMll be lade 1A aceoJ"'d&nce •Uia e&da _..,,, PftPO~' t1on ot proct.uoa w "" t.ou.l pt'Ocl~1cra tor tJie calendar ,...., ol aU •llbere t ot t.bt luU\W\e ot ftOb prod~ a.t -r bw U• t.o U• be P"tcriM4 lr7 U11 ••roe tor~ ,.,o•, W1U. • ca'- ~rtl .., ..._., ot tSOO lor eacb ••r tw tub ealead&J' ~v, \bt ot u. t.ow1 c-1"&1 ueu-Dt . a 1 - pqwa\t beiJIC prora,.. ~ ~ • • " •••• c~ ~7 u
""'a., cenanl a.t•ta.D\1 t n
\
b&l••
,na\t.f' U.U tS001 ..... ,._u t• ,-Ud\7 ab&ll be ltiAdt 1a accol"d..ua 91\ll e&cb -aar•a ~loa ot ta\Ut Mltt 1a pr..Dda t.o \I'll t.o\.&1 \u'Ul.t 1A poada tor Ull e&leftdv ,..ar of all . . - . n ot \ bt Wt1t.vt.e • The taU t.ot.&l proftc\ 1oa tor 1 c alencl&r ,.., U.S Ult 1&1d \0 t..al l<l 1'-ll be ctettnaiMd "J' Ill ovU1de 1nllepelld.et acc::oi!D\ut appointed lr7 \t.
tal••
loard ot CoYeraon tor INCb p.,o• . lecb •liber 11'1all hmiab t.o 1&14 &ec::o~.W~\.ant. the dat.a naeeu117 t..o u~Uab INCh ptf"Cmt.apa.
-'
·.
.
. Thit pare \o replace Pare 6 o! the or1c1nal nu.bl red 1 &tid ae appro.ed 11/17/l.e .
a.
ey-t.-e. :t
- . - -- - - - - - - - - - - - - - -
-
7.
S.cl'l\.&r'%1
the
re~ar
'!he S.crt\&17 I hall keep the
a1n~o~tet
1 nc l ~e•
new P•~·~·~~·
ot t"- ••UII(I ot
tl'll
lo&r'd ot eo•emors and ot the •e.rt ot u. Intt1tvte and 11\&l.l. perton aU dV\1 .. ot a Stent&1'7 and
1\ICI\
other dut1et ae •1 'oe dte1cnat..d
rroa U• to u.. b)' \M llo&N ot ~emon . Tbe Stc"t.a"" tMU receht 111ch eo~n..uoc u •7 'oe oet.al"''l1ned b7 the lk>&l"d ot co.. mon tro. U• to t~.
Auhtant T,..,.v.,.t 'ftle Al111t.&n\. ~uvoer 1hiU perlol"l'' ~'w 4u\1el ot !i thi ili1ece or di.Uill\7 ot the Treuw.r and 11\all perton ~JI du\111 u •7 M ftllaat.H \0 t\1a b)' tn. ~uursr or the Board ot ~en~on . ~ Alt1n.urt ,.&lurtr 1h&U tncuw a IW"''\7 bond C'OII4it1oned tor \be t&1tb!u.l
'""t.7
9.
1'bt Fitc&l l'Mrt
1M tue&l rwar
ot tn.
I.Astit~e
ll'lall end on n.cuter
Jl~.
10. "-ndlllnt ot o! t!'ll Qi not1ce .
m,..
~La•11
Tlw 17-Laws •1 "be ••ncS•d b)' a ttro-U'd.rdt .,.~t.t :.C..utuw at &rf1 • •t in( therwo!. ud tr1 t}»ut prior
OoOUL'L
r
~ ~~~s
the
~cth od
or
• • '"'
~ J sesa~ ~n t
J
--(':--- - - -
w~lt·. ' ·i ~~·s,
~ : r c ~ o r o rc
1n
an~
'7H .:.i\Z.i.:j 1t le the eonec:-..uJ o!
upon the C1n1mUC ~soo
·~
~ !". e =:~ .lllbers :u ~
pro4uct1on o.a hc:rc:to!orc:,
GOn~l'&l ~IICIOOCnt
:hould
~t
that.
be 1nerO~IOd
t~o
!rom
to ;1,000 per yeAr, 1t 1s
~L~, thllt So e t1 o:'l 6 of t:lc: Sy-t..en a bo &nd 1t hereby 1a c.t:lCnd~d .tO t"C:".d U follonl:
e
e
"6, In1t111t1on ::"cce, Dues and ;.uooaocntl, l:&ch liacber ot tJll) Inou tut-3 ahall plly an 1 n1 t.1&Uon t•e ot ·~ 500 ut tho u ...o 1t. J o1nl the Intt1t.ute, A441t1o ~~l runda rcqu1re4 !or oxpend1~uroa euthor1~cd by tho =acbora end by the SOard ot Gov c rno•·:~ of t he Inatltute ahall be collcet~d 'by a•aceeccnta from eAch coabor upon tho foll on ln~ 'b&aoa: B~neral aaa~aam.nta, ~ollo~:h1p Asaeoaoentl and .ur Hyc;lano AIIOIICIC:nta ohall l>o ae.da 1n aceor4Anco ~th oneh c~r-bcr'a proport1on ot production to the totAl prouuct1on tor the ealond~ 1o~r ot all ~•c'bcra ot the Inlt.1 tuto or IUCh !'IN4ucta :'. 1 Q.f,!' !roc u~ to t1a~ ~ ~acr1bo4 'by the w~br.ra tor that. pu.r~.o, 19'1 t.h a a1n1cu111 ccnornl Aaaoucant. ot !Jl,OOO tor oach cco'bcr tor oc.cb ez:.londt.r 1or.r, tbe bU.-.nca ot the total eonorAl aaaooacont. oTar cny c1n1G~UC p&J1lonte be1n& prorat. ...'d a:IOf\4 thl) QO!!boro lrtlOIC COli• SNte4 PlleNl 61IOIIQC)ntl r.re aron. .,. t!lan jl,OOO; GUOeiCIOftt.l tor putll1e.1 t.] lhAll be ca4o 1ft accor4Lnce o1t.b o&ch ocobcr'• proport1oft of toxt11o D4lca \n poun4a to tho total ~ozt1lo aaloe 1n ~ounda tor tbO calenllar 1oar ot all ae'b.:re or t.ho In.at1tut.o. Tho 1414 total =-o4uct.1on tor a ~alen4ar JO&r ~ t.he aa14 total aalva ahall bu 4ot.ora1ncd t~J an outl14• 1n4e~n4ent e~ e ountant appo1ntc4 t~J tho Board ot Oovornora tor auch purpoao, t.ac:h oabor ahall tum1ah to ca14 accountAnt thO 4ata noecll&rJ to o»t~bll ah Nch percont.-so•." ·
UoUUU'i