BY-LAWS of the Philippine Society of Colon and Rectal Surgeons, Inc. - Article IX
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ARTICLE IX
Fund
Section 1. Funds – The funds of the association shall be derived from admission fees, annual dues and special assessments of members, gifts, donations or benefits.
Section 2. Fees and Dues – Every member of the association shall, in addition to the membership fee pay dues and/or assessments that may be imposed by the association from time to time.
Section 3. Disbursements – Withdrawal from the funds of the association, whether by check or any other instrument shall be signed by the Treasurer and countersigned by the President. If necessary, the Board of Trustees may designate other signatories.
Section 4. Fiscal Year – The fiscal year of the association shall be from January 1st to December 31st of each year.