5% of a
member's subscription shall be paid on ratifying the agreement.
remainder of the value of the shares shall be paid in accordance with a
schedule drawn by the Board of Directors and approved by the General Body
shall settle amounts due within 60 days from the date of their maturity. In
the event of an amount overdue a member is bound to pay interest on the
amount overdue at the rate of 1% for every month on the said basis.