ARTICLE III: CLUB SPENDING

 

[1] No club member, business or other entity will realize a profit, earning, salary, payment or any other  pecuniary. PHPB may receive certain services or donations from a business or person and for the  purpose of thanking that business or person a limited ad may be carried in the PHPB newsletter.

 

[2] This does not include the regular club spending to outside persons or businesses who will  obviously realize a profit while selling merchandise or services to PHPB , Inc.

 

[3] In any case PHPB Inc. will seek to receive the most proper advantage while spending funds.

 

[4] PHPB will not compensate, raise funds, use funds, or otherwise financially sponsor anyone who is  attending any of the excursions, meetings, or social events sponsored by PHIP, Inc. or any of the  PHIP clubs.

 

[5] Club funds will not be used for loans.