- 2 -
Expenses of the Society. ART. 6. – The expenses of the Society consist of:
1° General business and royalty collection costs;
2° Judicial and other expenses, necessary for the drawing up and maintenance of contracts, the defense of the
rights of the Society, and those of members of the Society, against third parties which have dealings with authors,
composers and publishers, and against all others;
3° Unforeseen costs provided that they have been approved by the Syndicate.
Profits to be divided. ART. 7. – The profits to be divided resulting from the communal or Society fund will consist of receipts that have
not been spent and of the revenue from funds set up for the benefit of the Society.
These profits will be shared proportionally or pro rata on the basis of the deposits paid by the co-sharers, on
account of the deduction levied from the royalties collected on their behalf, but only until the termination of the
Society.
Participation of each Society member in the expenses
of the Society. ART. 8. – Since the Society must not, under any pretext, vote for any outlay of money that would exceed its
capital, nor take out any loan, promissory note or bonds whatsoever, the expenses to be borne by each one of the
associates may be equal to, but must never surpass, the amount of the deductions made for royalty collection costs
and for the common fund.
Collection and distribution of royalties due to the authors
and composers of music. ART. 9 - All the royalties due to authors and composers from their musical works, such as: romances, chansons
or comic songs, with or without words, comic or dramatic scenes, choruses, symphonies, quadrilles, waltzes, polkas,
redowas, and generally all musical works which are sung or performed in theatres, concert halls, at balls, in cafés,
public venues, etc., etc. will be collected, under the supervision of the Society's Syndicate, by the Agent-General, so that
they can be distributed among the entitled persons, save for the deduction referred to in Art. 5, as well as the costs
and the collection charge of the agency.
Administration of the Society. ART. 10 – The Society shall be represented by a commission which adopts the title of Syndicate of Authors,
Composers and Publishers of Music.
The Syndicate will appoint a representative who shall have the title of Agent-General, and it will also select the
judicial council of the Society.
ART. 11 – The Syndicate shall be made up of twelve members, namely: four authors of libretti or song texts,
four composers of music and four publishers.
The Syndicate will nominate from amongst its members a President, a Vice-President, and, if it should be
necessary, also a Treasurer and Secretary.