12.01 Annual
Budget
The Board shall,
by such procedure as it may prescribe, adopt a budget each fiscal year
appropriating and authorizing expenditures of funds for the operation of
the Regional society. Funds to meet this budget are to be provided
by the members; dues or through other means commensurate with the purposes
of the Regional Society and the applicable laws and policies. The
budget shall be developed and monitored by the Budget & Finance
Committee.
12.02
Contracts
The Board
of Directors may authorize any officer, agent or agents of the Regional
society, in addition to the officers so authorized by the Bylaws, to enter
into any contract or execute and deliver any instrument in the name of and
on behalf of the Regional Society, and such authority may be general or
may be confined to specific instances.
12.03 Checks, Drafts, or
Orders
All checks,
drafts, or orders for the payment of money, notes, or other evidences of
indebtedness issued in the name of the Regional Society shall be signed by
the Treasurer or, in the absence of the Treasurer, by the President or
other officer or person of the Regional Society as designated by the Board
of Directors, in accordance with policies and procedures established by
the Board of Directors.
12.04
Deposits
All funds
of the Regional society shall be deposited from time to time to the credit
of the Regional Society in such banks, trust companies, or other
depositories as the Board of Directors may select.
12.05
Gifts
The Board of
Directors may accept on behalf of the Regional Society any contribution,
gift, bequest, or device for any purpose of the Regional
Society.
12.06 Fiscal
Year
The fiscal year of
the Regional Society shall end on December 31.
12.07 Books and
Records
The Regional
Society shall keep correct and complete books and records of account and
shall also keep minutes of the proceedings of its members, Board of
Directors, committees having and exercising any of the authority of the
board of Directors, and shall keep a record giving the names and addresses
of all categories of members. Upon written request ot the Board of
Directors, books and records of the Regional Society may be inspected by
any member, or the member's agent or attorney for any proper purpose at
any reasonable time.