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【正文】 l. 5. to discuss and decide whether to admit new members. 6. to discuss and decide other important activities and items of the association. Article 12 When the the representative assembly of all members is not in session, the executive council implements decisions of representative assembly and direct the work of the association. Article 13 The executive council has one president, a certain number of vicepresidents and directors who are voted by the representative assembly of all members. The term of each executive council is two years. Article 14 The secretariat of the association pletes all tasks that are given by executive council and is responsible for the annual meeting and dealing with daily affairs. Article 15 The secretariat is established in Liuyang, China, which is posed of one secretary genenral and a certain number of working personnel. The funds buget of the secretariat shall be discussed and decided on the annual meeting of the association. Article 16 IFA convenes the annual meeting at least once every year. The annual meeting is held in initiator countries in turn. The first meeting will be held in Liuyang China and the locations of the next two meetings will be decided on each annual meeting. Article 17 No decision of guiding principle, modification of aim and policy decisions about management and other important items will get through without affirmative votes of over 3/2 members. Members may vote by their trustors but the trust deed must be submitted to the sacretariat 10 days ahead of the holding of annual meeting. Chapter 4 Funds Article 18 sources of funds of the association 1. membership dues that are paid by all members and observation bodies. 2. deposit interest of banks 3. support of relevant units and personages of various circles 4. ines of paid services provided by the association 5. profits gained by anizing some activities Article 19 standard of membership dues: each formal member shall pay membership dues of 5000 dollars and each observation body shall pay 2020 dollars. Article 20 Any member of the association may submit motions on modifying membership dues amount to the annual meeting. If the motion is passed by voting of present members or their valid trustors, the membership dues amount may be adjusted. Article 21 The funds of the association shall be earmarked for their specified purpose only. Chapter 5 Rewards and punishments Article 22 Those members that well performance members’ obligations and execute decisions of the association and staff members that gain outstanding results will be cited and given rewards on annual members’ meeting. Article 23 To those members that fail to performance
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