[151] BY-LAWS 1 The Association is called the “Loan Association of the German Student Body, Inc.” Its residence is in Dresden and it will be registered in the Corporation register. 2 The purpose of the Association is giving out loans to needy students of all the universities of the German Empire and of the Technological Institute of Danzig; ­ upon personal and scholastic identification and to the exclusion of all political, religious, or point of view criteria. The participation of separate universities is to take place according to the rules indicated in Paragraph 3, section 1 A (the contributions of the students) and in paragraph 8 (the organization of the branches). The Association has for its purpose the furthering of common welfare. 3 Sec. 1. Members are admitted to the Association: a. Through the written application to the Executive Committee without regard to the amount contributed; the state, the countries having universities, the Association ­ of the German Universities, “The Economic Help of the German Student Body,” and all economic organizations of students of separate universities that are endowed with a legal personality; on the condition that in those universities the students should contribute every session at least one gold mark each to the Association, ­ transmitted to a place indicated by the Executive Committee. b. Through the President and with the approval of the Executive Committee; ­ individuals and legal entities who either contribute at once at least 2,500 gold marks or obligate themselves to pay annually at least 100 marks for a period of not less than 3 years. Sec. 2. The general assembly can elect honorary members, persons proposed by the managing board, but who need not be members of the Association. All the honorary members have the right of the actual members without their obligations and have the right to vote. 4 Sec. 1. The General Assembly. The members under paragraph 3 (Sec. 1 A) have each one vote without regard to the amount contributed. SEC. 2. The voting power of the other members is as follows: a. According to the annual contribution: each 100 marks for contributions within 100 to 1,000 has one vote. For every further amount, each 200 marks yield a vote up to 2,000 marks. For every further amount within 2,000 to 5,000 marks, every 500 marks yield a vote. For further amounts of every 5,000 marks each 1,000 marks gives an additional vote. b. By contributions paid in once only. (Sec. omitted.)