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To subscribe, become a member of or otherwise co-operate
with any other Association whose objects are wholly or in
part similar to those of the Society.
- To
collect subscriptions and other contributions from its members
for the recurring and incidental expenses of the Society.
- To
undertake any arbitration for settlement of general or special
disputes arising between members of the Society.
- To
provide for the grant of any pension, gratuity, allowances,
bonus or other payment to or for the benefit of the employees
of the Society as deemed expedient whether they have or
have not a legal claim upon the Society for such grants.
- To
borrow or raise or secure the payment of money which may
be required for the purposes of the Society in such manner
as the Society may think fit.
- To
undertake and execute any Trust which may lawfully be undertaken
by the Society and may be conductive to its objects.
- To
do or concur in doing all such other things as may be considered
conductive or incidental to the attainment of the aforesaid
objects or of the business interests of newspapers and periodicals
in general or the Society or any of its members in particular.
4.
The
income and property of the Society, wheresoever derived,
shall be applied solely towards the promotion of the objects
of the Society as set forth in this Memorandum of Association,
and no portion thereof shall be paid or transferred directly
or indirectly by way of divident, bonus, or otherwise howsoever
by way of profit to the members of the Society, provided
that nothing herein contained shall prevent the payment,
in good faith, of remmuneration to any officer or servant
of the Society in return for any services actually rendered
to the Society.
5.
Membership of the Society shall be restricted to individuals,
firms, or companies who own and carry on the business of
the Management of a newspaper or newspapers or periodicals,
and no other individual, firm, or Company shall be entitled
to become or be or remain a member of the Society.
6.
The liability of the members is limited.
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