Sec.  3  The  Board  of  Trustees,  after  such  investigation  and  hearings,  is  hereby
emnowered  to  impose  fines  not  in  excess  of  Twenty-Five  Thousand  (■^25.000.001
Donnrs.  provided  that  such  fines  are  approved  by  at  least  three-fourths  (%)
of  all  the  Trn«toe«.
Sec.  4.  In  the  event  that  any  officer  of  the  League  shall  fail  to  abide  by  the
P.v-Law^  to  thp  extent  that  thrc-c-fonrth?;  (^■^'  )  of  all  the  T'^i-'^'tpo'--  '^^'^>■'^^  H  doi-i-


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mental  to  the  best  interests  of  the  American  Basketball  Association,  then  the
Board  of  Trustees,  after  due  notice  and  hearing,  may  remove  said  othcer  and
terminate  his  contract.
!Sec.  5  Tlie  Board  of  Trustees  shall  have  the  power  to  remit  any  penalty  in-
voked by  the  said  Board  by  a  vote  of  three-fourths  (%)  of  all  Trustees;  and
no  penalty  under  any  bond  furnished  to  the  I-eague  by  any  Member  Club  shall
be  invoked  without  a  three-fourths    (v-t)    vote  of  the  Board  of  Trustees.
ARTICLE  VII — MEMBERSHIP

Section  1.  The  American  Basketball  Asosciation  shall  be  limited  to  twelve
(12)  teams  unless  eiihirged  or  changed  by  a  vote  of  three-fourtiis  (%)  of  all
members  of  the  League.
Sec.  2.  The  granting  of  two  franchises  in  any  one  city  shall  be  prohibited
unless  approved  by  all  the  members  of  the  American  Basketball  Association.
Sec.  3.  A  franchise  certificate  shall  be  issued  to  all  members  by  the  American
Basketball  Association.  These  fi-anchises  shall  remain  the  property  of  the
members  to  whom  they  were  issued  forever,  unless  said  franchises  shall  be
forfeited  or  transferi-ed  as  herein  provided.
