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Page 23 text:
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Page 22 text:
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The revenues of the association are derived from: first, dues, which are 32.00 for the first semester and SI.0o for the second sem- ester, second, special assessments, which may be levied by a major- ity vote of the members of the associationg third, the receipts of all games, entertainments and benefits held under the auspices of the association, including donations and all other sources of revenue. All regular assessments paid by the men students, five per cent of the gross receipts of the association--exclusive of the special assess- ments-and fifty per cent of the net surplus remaining in the treasury of the association at the end of each college year, are to be set aside for permanent improvements of the athletic fields. All regular assess- ments paid by the women students are turned over to the Women's Athletic Association, provided that at least 50 per cent be used for permanent improvements. The manager is required to keep a detailed statement of all re- ceipts and disbursements, certified to by himself, and, whenever pos- sible, by the other parties concerned. At all times the books of the association are kept open for inspection by members of the associa- tion, and at the end of each semester the books and accounts are audited by the Executive Committee. ' To assure the Associated Students that their funds and business are properly handled, the graduate manager is required to put up a bond of 55,000 for the faithful performance of his duties. A 1 W, 1 ,. 1 I l. i . . ' X v BOATHOUSE AT LAGUNITA l 21 l li il 5 - , allul M l'1..'o . QUAD 1 1 .5 E
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