(Your letterhead)
CULTURAL GROWTH FUND
4739 S. Fulton-Lucas Rd.
Swanton, OH 43558
APPLICATION FOR MEMBERSHIP
Dear Sirs:
WHEREAS, musicians and other artists are frequently paid in a lump sum and on an irregular basis for their efforts, and
WHEREAS, these funds must be deposited in reserve until actually needed, and
WHEREAS, it is very desireable that the funds produce substantial additional income while on deposit, especially since artistic opportunity may not always be at hand, and
WHEREAS the undersigned, as such an artist, wishes to join with others for participation in an investment club to achieve through joint action the above purposes,
BE IT KNOWN that the undersigned herewith and hereby requests to participate in the CULTURAL GROWTH FUND for not less than one year with an investment in an amount of not less than one thousand dollars providing that the fund pays and continues to pay monthly a fixed and taxable return of ten percent per month. The undersigned agrees to pay all taxes due and further understands that the principal invested shall be returned after one year and at the time the undersigned may have, if offered, an option to elect continued participation. The undersigned also understands that the CULTURAL GROWTH FUND is not providing a surety for the principal nor is the FUND taking any part of the monthly returns, except for minor incidental expenses.
Signed: ___________________________ Date: __________
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