ARTICLE III

Saturday, January 5th, 2008

ARTICLE III
FINANCES

SECTION 11. FUNDS.

The funds and income of the PFCCO shall be derived from the following

  1. Membership fees;
  2. Annual Dues;
  3. CETF Contributions;
  4. Share capital, investment, and deposits from members;
  5. Proceeds from business services;
  6. Issuance of papers of Indebtedness;
  7. Bonds and Debentures;
  8. Loans (Internal and External)
  9. Donations and special assessments; and
  10. Other sources not contrary to the law.

SECTION 12. MEMBERSHIP FEE.

Membership Fee shall be Five Thousand Pesos (P5,000.00) per Regional League or such amount as may be prescribed by the Membership Council, from time to time payable upon the filling of… read more