The income and property of the association from whatever source shall be used and applied solely in promotion of the objects of the association and the exercise of its powers as set out herein. No portion thereof shall be distributed, paid or transferred directly or indirectly by way of dividend, bonus or otherwise by way of profit to or amongst the members of the association. Nothing herein contained shall prevent the payment in good faith of interest to any such member in respect of monies advanced by that member to the association or otherwise owing by the association to that member or of remuneration to any officer or servant of the association or to any member of the association or other person in return for any service actually rendered to the association. Further that nothing herein contained shall be so construed as to prevent the payment or repayment to any member of out of pocket expenses, money lent, reasonable and proper charges for goods hired by the association or reasonable and proper rent for premises demised or let to the association.