1467 words - 6 pages
Manila Polo Club Statement of Case Facts The bylaws of the club had not been amended since after World War II. It still contained provisions that were there since the time Polo Club was a small old boys club. For example, it could not increase membership without approval by all members. Its bylaws set a maximum percentage of income that it could spend for capital expenditures, presumably to check overspending by the board. While the demographics changed and members aged, their dependents could not use the facilities. Initially, Polo Club announced that FY 2000-01 yielded an iView Document
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