SECTION 1 – Deposit and Disbursement
The Funds of the Corporation shall be deposited in such banks or trust companies as the Directors shall designate and shall be withdrawn only upon the check or order of the Treasurer or the President and any other one officer of the Corporation. Any check over $500.00 shall be required to have two signatures, each being officers of the Corporation. All expenditures must be documented with receipts.
SECTION 2 – Sale or Transfer Authorization
Any sale or transfer of any stock, bond, security or any other property standing in the name of the Corporation, shall be valid only if signed by the Corporation acting through the Treasurer or the President and any other one officer of the corporation.
SECTION 3 – Fiscal Year
The fiscal year of the Corporation shall be the calendar year.