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These statutes have been published in the appendixes (schedules) of the Belgian law gazette (Moniteur Belge/Belgisch Staatsblad) of 9 June 1934, changed in the appendixes (schedules) of 5 September 1968,
2 September 1982 and 26 March 1998
Chapter III
GRANT, INCOME AND EXPENSES OF THE ASSOCIATION
Article 16 – The grant consists of :
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the immovable goods necessary to the aims of the Association;
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the capitals emanating from generosity, unless the board of directors gives them another destination;
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the sums paid for the buying-off of membership fees;
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annually a tenth of the increase of the realizable capital of the past year.
The grant is the monetary reserve of the Association.
Article 17 – The capitals of the grant are the funds of the grant. They are spent on the purchase of bonds according to the decisions of the board of directors. The expenses for major repairs of the immovable goods of the Association are also paid with funds from the grant.
Article 18 – Revoked text.
Article 19 – The annual income of the Association consists of:
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the part of the income from its properties which is not included in the grant;
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the membership fees and contributions of its members;
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the subsidies of the State, the provinces, the municipalities and public institutions;
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the produce of generous gifts the immediate use of which has been allowed by the board of directors (Article 16);
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the sources of income which appear exceptionally and, if necessary, with approval of the competent authorities.
Article 20 – A regular accounting of income and expenses is kept up to date and, eventually also an inventory.
A board of two accountants, who can be re-elected, is appointed every year by the general assembly. It is commissioned to check once a year the accuracy of the accounting of the Association and to report its conclusions to the general assembly.
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