The Ownership Bond

What it means to you . . . Roycefield is a unique recreational gem in the town of Hillsborough. But it is special in another way. Because of the ownership structure of Roycefield, you and the other owners directly share in the ownership of the club. By virtue of paying the initial ownership bond, this investment grants you all of the ascribed privileges that Roycefield offers. We are not simply a non-profit entity that offers a service to subscribers, but rather, each and every owner shares in the present and future operations of the club. As a bond holding owner, your stake in the ownership dates back to a process as old as the history of Roycefield. Back in 1962, when the club started, owners had to post a bond of $350. This was a fabulous amount of money then, equal to $2250 in today’s dollars. In fact, a lot of the owners had to take out loans to come up with the bond money. The early ownership knew such an amount for the bond would ensure owners to be committed to the startup and ongoing success of the association. So what does all of this mean to you as a owner? Each and every adult has the opportunity to help keep the club a great place and continue to make it better. While not every owner is expected to serve in an executive capacity (such as on the Board of Trustees), we would like you to think about Roycefield as sort of a home away from home. Just as you have a stake in your own personal property, treating your ownership as an invaluable extension of that property will allow our club to thrive and prosper in the coming years. Our club slogan “Built for Pleasure, not for Profit” testifies to the voluntary and inclusive nature of our association: a place to relax and have fun - a place where your ownership really makes a difference.