I'll let Zaitcev give his own information, but here's how the clubs here worked:

Quote Originally Posted by 1600vw View Post
If members are paying dues to fly these airplanes what about when they are down for repairs from such events.
The dues were for the routine expenses of the airplane, just like owning. If the plane didn't fly, the hangar rent, etc. still had to be paid. The Story's situation is probably the better one (and the most typical): The club members owned the aircraft. If one's airplane is broken, the local airport does NOT let you stop paying hangar rent. Thus, all members were incentivized to help get the plane flying again if it broke down.

Quote Originally Posted by 1600vw View Post
What kind of contract should be drawn up? What about in case of a fatal accident?
The contract was real similar to the aircraft partnership agreements that make the rounds. Let me see if I still have my old one.

Never had anyone killed in either airplane, though one pilot managed to flip upside down in deep snow at an unattended airport.

If a death *did* happen, it would be a mess. Partnership (e.g., the dead pilot being part owner and thus partly responsible for its condition) would probably be the way to go. In any case, there were no "deep pockets" in sight.

Quote Originally Posted by 1600vw View Post
Only except pilots or those flying in type?
It's a long wait, looking for prospective club members who just happened to have flown one of the two Story Specials in existence. :-)

You need assurance that the guy is current in taildraggers, preferable something roughly equivalent to the club airplane (e.g., Champ or Cub time was considered good for the Story and Fly Baby). In my case, I had earned my Private flying a Citabria. Hadn't flown either for a while, but a local CFI signed me off after an hour-long checkout in a local Champ. One of the fond memories I clutch to my heart is him exclaiming, as he paged through my logbook to make the signoff for my checkoff, "You mean you hadn't flown taildraggers for EIGHT YEARS?????!" Seems that the hand had not lost its cunning, even after all that time.

Interviewed one guy for the Fly Baby club, once. He was all eager to get a taildragger checkout and join the club. So he could teach himself aerobatics, in the Fly Baby. I managed to dissuade him from joining...

Quote Originally Posted by 1600vw View Post
Joining fee's how does one come up with this amount?
For the Story, it was (relatively) easy: The estimated value of the airplane, divided by four. $150 in 1954, $1500 in 1995.

For the Fly Baby, the joining fee was $500 (in 1985). Don't recall why that amount was picked, other than the hope to put some sort of a maintenance kitty together. Paying the fee did *not* buy a portion of the ownership of the Fly Baby. Pete Bowers retained it.

Quote Originally Posted by 1600vw View Post
I hope these are not stupid questions.
Absolutely not, glad to help.

The biggest issue, I think, is most folks get tired of flying a small single-seater and get the urge to move up. Single-seat airplanes are difficult to sell, and part-ownership in them isn't any different. The other problem is folks who dodge the ownership responsibilities, such as washing the plane and helping with the annual inspection.

Ron Wanttaja