POBOY INVESTMENT CLUB

1. To purchase at least $10 worth of club shares each month.
2. To keep the club office informed of your current address.
3. To own not more than 25% of the club's total outstanding
   shares at any one time.
4. To abide by all published club by-laws and policy.
    

1.  To send regular statements to the membership.
2.  To select the investments through the managing committee.
3.  To maintain accurate records of share holdings for members.
4.  To purchase the shares of any member within 90 days of
    the members request.
5.  To hold an annual meeting,where managing commitee members
    are elected by the members.
6.  To maintain a reserve cash fund,equal to 10% of the 
    club's assets.
7.  To pay dividends,as directed by the managing commitee.
8.  To provide an incentive, as a meansof encouragement to
    the recruitment of new members.
9.  To execute business as frugally as possible.
10. To provide members with tax filing forms at the appropriate
    time.
11. To provide an option for members to pre-pay for shares.

     Under current club rules,each member is entitled to a
   $10 payment when the application for a new member he or she
   sponsors is approved. $5 is paid when the new member joins,
   and $5 is paid at the new member's first anniversary of membership.
   These payments may be taken in shares or in cash.

   As a member of the PoBoy Investment Club,you are encouraged
   to take an active role in the investment activities of the
   group. You will learn from professionals and from other members
   about principles and techniques of succesful investing.
   The level of your participation is entirely up to you!

You could be member number for today if you make the right choice