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 rendered in an ensuing year prior to the said 20th of October. Upon written proofs of a violation of this section the Board of Arbitration shall disqualify such player for and during said ensuing year, and shall inflict a fine of five hundred dollars, payable forthwith into the treasury of the Board, upon the Club in whose interests such negotiations or contract was entered into.

(b) Every regular contract shall be registered and approved by the Secretary of the Association of which the contracting Club is a member, who shall forthwith notify the Secretary of the other Association party hereto, and the other Club members of his Association.

III. When a player under contract with or reservation by any Club member of either Association party hereto is expelled, black-listed, suspended or rendered ineligible in accordance with its rules, notice of such disqualification shall be served upon the Secretary of the Board of Arbitration by the Secretary of the Association from whose Club such player shall have been thus disqualified, and the Secretary of the Board shall forthwith serve notice of such disqualification upon the Secretary of the other Association party hereto. When a player becomes ineligible under the provisions of this Agreement, the Secretary of the Board of Arbitration shall notify the Secretaries of the Association parties hereto of such disqualification, and from the receipt of such notice, all Club members of the parties hereto shall be debarred from employing or playing with, or against, such disqualified player, until the period of disqualification shall have terminated, or the disqualification be revoked by the Association from which such player was disqualified, or by the Board of Arbitration, and due notice of such revocation served upon the Secretary of the other Association, and by him upon his respective Clubs.

IV. Upon the tenth day of October in each year the Secretary of each Association shall transmit to the Secretary of the other Association a reserve list of players, not exceeding fourteen in number, then under contract with each of its several Club members, and of such players reserved in any prior reserve list, who have refused to contract with said Club members, and of all other ineligible players, and such players, together with all others thereafter to be regularly contracted with by such Club members, are and shall be ineligible to contract with any other Club member of either Association party hereto, except as hereinafter prescribed.

V. Upon the release of a player from contract or reservation with any Club member of either Association party hereto, the services of such player shall at once be subject to the acceptance of the other Clubs of such Association, expressed in writing or by telegraph, to the Secretary thereof, for a period of ten days after notice of said release, and thereafter, if said services be not so accepted, said player may negotiate and contract with any other Club. The