owned by Phi Tau. The fraternity entered into negotiations to sell of property to the College in exchange for the funds and construction support to build a new house to replace the existing Phi Tau building. The new structure was built during the summer and fall academic terms of 2002, for a sum in excess of $1.8 million. The new structure was located between North Main Street and the 1928 house. Student members of Phi Tau continued to occupy the old house during construction of the new building. Phi Tau brothers began living in the new house in the winter term of 2003, and the house built in 1928 was demolished in January, 2003. Membership and activities Like other fraternities and sororities, membership in Phi Tau is self-selective. The process of joining Phi Tau, called "rush," invites potential student members to apply for admission. Members of the house then deliberate on these applications at an official house meeting and decide whether or not to offer a bid to each prospective new member. Anyone offered a bid to join may "sink" the bid, and thereby join the house, whenever they wish to do so until they graduate. Phi Tau, like most other Greek organizations in the United States, has a pledge period. Like all Dartmouth College Greek organizations, Phi Tau holds a weekly house meeting at which only brothers and faculty advisors may be in attendance. Associations Phi Tau Coeducational Fraternity is owned by the non-profit Tau Corporation of Hanover, New Hampshire. All past and present members of the fraternity are voting members of the not-for-profit corporation, which meets at least annually. Phi Tau Coeducational Fraternity is a recognized fraternal student organization of Dartmouth College and is a member organization of the Co-Ed Council. Phi Tau has had a long-standing charitable relationship with the Karnak Shriners of Montreal, Quebec, Canada, supporting their Hospital for Burned Children. A major Phi Tau social event each summer is the Shriners Day Parade down North Main Street in front of the Phi Tau house. Another important charitable relationship for Phi Tau is the Upper Valley Humane Society. Famous and notable Phi Taus Sidney Hazelton, class of 1909 - A star player on the Dartmouth varsity baseball team, would later become the first coach of Dartmouth varsity swimming in 1920. J. Walter Larkin, class of 1924 - President, Osteopathic College of Ophthalmology Cedric W. Foster, class