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BY-LAWS of the
ATLANTIC REGIONAL SOCIETY |
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ARTICLE X - FINANCES |
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Section 1 - Signing Authority |
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All cheques or other payment items issued or endorsed in the name of the Society, shall be signed by such officers, employees or agents of the Society in such manner as shall be determined from time to time by resolution of the Board of Directors. This includes the responsibility for:
a) Keeping of accounts
b) Location of accounts
c) Inspection of accounts
d) Presentation of accounts |
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Section 2 - Banking |
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a) Any one of such officers, or agents so appointed may endorse cheques for deposit with the Society's bankers for the credit of the Society or the same may be endorsed "for deposit only" with the bankers of the Society.
b) Any one of such officers, or agents so appointed may arrange, settle, balance and certify all books and accounts between the Society's bankers and the Society and may receive all paid cheques and vouchers and sign all the bank forms of settlement of balances and releases of verification slips. |
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ARTICLE XI - AUDITORS |
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An auditor may be appointed each year at the annual general meeting of the Members of the Society. |
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ARTICLE XII - FINANCIAL YEAR |
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The financial year of the Society shall commence on the first day of January in each year. |
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ARTICLE XIII - DISSOLUTION |
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In the event that the Society is dissolved, and after payment of all indebtedness of the Society, the remaining funds, investments and other assets shall revert to the Association. |
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ARTICLE XIV - AMENDMENTS TO BY-LAWS |
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The By-Laws of the Society may be repealed or amended by a majority of the Directors at a meeting of the Board of Directors and sanctioned by an affirmative vote of at least two-thirds of the voting Members present. The repeal or amendment of the By-Laws shall be in accordance with federal regulation as set forth by the federal Minister responsible for the Act governing the Society. |
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