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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.)