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Article G- Finance (continued)
Section 5. Disbursements.
Checks, drafts and orders for two hundred fifty dollars ($250) or
less may be signed by the Treasurer or other designated officer
in the absence of the Treasurer, without the counter-signature of
any other officer. Checks, drafts and orders for the payment of
money shall be counter-signed by such Officers as the Board of Directors
shall from time to time designate for that purpose, when the amount
exceeds two hundred fifty dollars ($250).
Section 6. Bonds.
At the expense of the Association, the President, Vice President,
Secretary and Treasurer shall deliver to the Chairperson of the
Association a bond to be kept in force and in such form and amount
and with a surety satisfactory to the Board, conditioned for faithful
performance of their fiduciary duties, and for restoration to the
Association, in case of their death, resignation, retirement or
removal from office, of all books, papers, vouchers, money and property
of whatever kind in their possession or control belonging to the
Association.
Section 7. Financial Reports.
The Treasurer shall submit quarterly statements and an annual statement
of receipts and expenditures to the Board of Directors.
Section 8. Audit.
The financial records of the Association shall be audited by a certified
public accountant as soon as possible after the close of each calendar
year and a report thereon made to the Board of Directors.
Article A- Purposes
Article B- Membership
Article C- Board of Directors
Article D- Board of Directors
Article E- Committees
Article F- Meetings
Article G- Finance (beginning)
Article H- Amendments
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