Section 1: Checks, Drafts, Etc. All checks, orders for the payment of money, bills of lading, warehouse receipts, obligations, bills of exchange, and insurance certificates shall be signed or endorsed by such officer or officers or agent or agents of the Association and in such manner as shall from time to time be determined by resolution of the Executive Committee or of any committee as a whole to which such authority has been delegated by the Executive Committee.
Section 2: Deposits and Accounts. All funds of the Association, not otherwise employed, shall be deposited from time to time in general or special accounts in such banks, trust companies, or other depositories as the Executive Committee or any Committee of the Whole to which such authority has been delegated by the Executive Committee may select, or as may be selected by the President or by any other officer or officers or agent or agents of the Association, to whom such power may from time to time be delegated by the Executive Committee. For the purpose of deposit and for the purpose of collection for that account of the Association, checks, drafts, and other orders of the Association may be endorsed, assigned, and delivered on behalf of the Association by any officer or agent of the Association.
Section 3: Investments. The funds of the Association may be retained in whole or in part in cash or be invested and reinvested on occasion in such property, real, personal, or otherwise, or stock, bonds, or other securities, as the Executive Committee in its sole discretion may deem desirable, without regard to the limitations, if any, now imposed or which may hereafter be imposed by law regarding such investments, and which are permitted to organizations exempt from Federal income taxation under Section 501(c)(3) of the Internal Revenue Code.
Section 5: Secretary. The Secretary shall record the votes and keep the minutes of all meetings of the Executive Committee in the books proper for that purpose and submit minutes to the directors within 15 days of each recorded meeting. Act as recording secretary at the meeting of the Committee as a Whole. The secretary may audit from time to time the official records of the association as recorded. The Secretary shall notify officers and committee chair of votes, orders, and proceedings affecting or pertaining to their duties. In the absence of the Chair, the Secretary shall call the meeting to order and shall preside. The Secretary shall keep all records of the Association not specifically the responsibility of another officer. The Secretary shall attend to such correspondence and shall distribute pamphlets, notices, and/or circulars as the Association may direct. The Secretary/Treasurer shall maintain a property by property description, to wit:
- Maintain a record of voting members together with their addresses as registered
- All members of the Subdivision together with their addresses as registered
- Ex-officio Chair and member of the Complaint Committee
- Take charge of all correspondence relating to the Association
- Discharge the duties granted elsewhere in these Bylaws