"1.To be a member in the Co-operative an applicant shall fulfil the following conditions of
eligibility: (a) Complete an application form and pay an initial non-refundable membership fee of
$75.
(b) Subscribe for a minimum of five(5) shares of a value of $100.00 each.
(c) Pledge to purchase a minimum of five(5) shares of a value of $100.00 each per
calendar year.
2. A spouse of a
member may be a member in his or her own right or subject to Section B1, spouses cannot hold a membership
jointly.
3. A person shall become a member upon application for membership in compliance with the
conditions of eligibility set forth in paragraph 1 of this Article IV and approval by the IHC
Board of Directors (the ‘Board’)."