"Every member of the club undertakes to contribute to the assets of the club in the event of the club being wound-up during the time that he/she is a member, or within one year afterwards, for payments of debts liabilities of the club contracted before the time at which he/she ceases to be a member, and of the costs, charges and expenses of winding up the same, and for the adjustment of the rights of the ontributories among themseleves such amount may be required not exceeding £1.00"