SUBSECTION 2(e). At such meeting, before submitting a bid of the host of Basketball
Championship Tournament, the bidder shall deposit with the Secretary-
Treasurer a sum of six hundred dollars ($600.00). Of this amount, two
hundred dollars ($200) shall be a fee for holding such Championship
Tournament, one hundred dollars ($100) for a performance bond,
and three hundred dollars ($300) for the liability insurance coverage.
The deposit shall be returned to the bidder if its bid is rejected
or not acted upon.
SUBSECTION 2(f). Performance bond of one hundred dollars ($100) shall be a guarantee of
a compliance with agreed upon plans. The entire sum of this bond shall
be returned intact to the host upon completion of the terms between this
Association and the host.
SUBSECTION 2(g). Under no circumstances, whatsoever, will any oral bids be considered.
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