ARTICLE V 

 Initiation Fees and Dues 



Section 1. The initiation fee shall be $25.00 for mem- 

 bership in the Institute, and upon payment of same and 

 election to membership, the Board of Directors shall issue 

 a Certificate of Membership in the Institute; but member- 

 ship in the Institute shall not be assignable or transferable. 



Section 2. For the purpose of fixing the rates of dues, 

 the membership of the Institute shall be divided into the 

 following classes : 



Class A. This class shall comprise the manufacturers 

 of hardwood ( and Cypress) lumber. 



Class B. This class shall comprise the manufacturers 

 of sawn and sliced veneers. 



Class C. This class shall comprise the manufacturers 

 of Commercial Rotary Veneers. 



Class D. This class shall comprise the manufacturers 

 of other Hardwood Forest Products, such as Box Shooks, 

 Veneer for Box Shooks, Staves, Headings, Ties and Dimen- 

 sion Stocks. 



Section 3. For the remainder of the present calendar 

 year the dues of the said respective classes shall be as fol- 

 lows: 



Class A. Five cents per thousand feet log scale, based 

 on the average annual cut for the five years prior to 1922, 

 or such part thereof as the member may have operated. 



Class B. Fifteen cents per thousand feet, flitch meas- 

 urement or face measurement of veneer, reduced to flitch 

 measurement, based on the average annual production for 

 the five years prior to 1922, or such part thereof as the 

 member may have operated. 



Class C. Five cents per thousand feet log measure 

 based on the average annual footage of logs used for the 

 five years prior to 1922, or such part thereof as the mem- 

 ber may have operated. 



Class D. Five cents per thousand feet log measure bas- 

 ed on the average annual footage of logs used for the five 

 years prior to 1922, or such part thereof as the member 

 may have operated. 



9 



