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Section 1. The dues of all members of the Exchange shall be payable in advance, on May 1st, of each year, and shall be such a Sum as the Governing Committee may fix at their monthly meeting in April, immediately preceding May ISt.

Sec. 2. Any member who shall neglect to Pay his fines, dues or assessments for three months after they become Payable, shall, after due notice, be suspended until they are paid; if not paid at the end of one year he shall cease to be a member, and his "embership may be disposed of by the Committee on Admissions.

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PAYMENT.

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