Treasurer's Role With A Headquarters Fund

Whether or not the chapter currently maintains a permanent headquarters, it should follow a plan requiring regular obligatory payments into a headquarters fund by its members (preferably while each is a student). These payments should be kept separate from the general chapter funds and transferred regularly to a nonprofit house corporation headed by a board of elected (usually alumni) Directors. Prior to initiation, it is suggested that each one to be initiated sign a Housing Note (Appendix, item 13) representing his obligation to make these regular payments into the headquarters fund. From these funds should come the long-range capital expenditures involved in acquiring, remodeling, and equipping chapter headquarters. Suggestions may be obtained from the Central Office for establishing this fund.