The Board of
Managers may from time to time fix the amount and the time of payment
of an initiation fee; and the Board shall from time to time fix annual
dues, the amount of which may depend upon the distance of the members
residence from Philadelphia City Hall. Annual dues for the current fiscal
year shall be payable by the last day of January or, in the case of
a newly elected member, upon presentation, but any member who shall
have been elected during the last three months of the fiscal year shall
not be required to pay the annual dues for that fiscal year. A member
or an individual eligible for membership may become a life member upon
the payment of a lump sum, such sum to be determined from time to time
by the Board of Managers.
All initiation
and life membership fees, as well as donation and legacies, unless otherwise
specified by the donor, which shall hereafter be paid to the Society,
shall remain forever to the use of the Society as a permanent fund.
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