- One share is issued for every five consecutive years of paid active club
membership. Shares have value only if the Boat Club property is sold, at which
time they are worth a percentage of the selling price. All credit is lost upon
resignation or failure to keep one’s membership paid and consecutive. The shares must be returned to the Secretary,
along with your gate & clubhouse keys. Shares may be passed to a spouse, son
or daughter, if the membership continues to be active.
October 08, 2009