STU.25-01 HILT - Mahukona - Laserfiche WebLink

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25 01 (i) Books of Account. The Treasurer shall keep and maintain, or cause to be kept and maintained, adequate and correct books and records of accounts of the properties and business transactions of the Corporation, including accounts of its assets, liabilities, receipts, disbursements, gains, losses, capital, and other matters customarily included in financial statements. The books of account shall be open to inspection by any Director at all reasonable times. (ii) Deposit and Disbursement of Money and Valuables. The Treasurer shall deposit all money and other valuables in the name and to the credit of the Corporation with such depositories as may be designated by the Board of Directors; shall disburse funds of the Corporation as may be ordered by the Board of Directors; shall render to the Chair and Directors, whenever they request it, an account of all financial transactions and of the financial condition of the Corporation; and shall have other powers and perform such other duties as may be prescribed by the Board of Directors or the Bylaws. (iii) Bond. If required by the Board of Directors, the Treasurer shall give the Corporation a bond in the amount and with the surety specified by the Board for the faithful performance of the duties of his or her office and for restoration to the Corporation of all its books, papers, vouchers, money, and other property of every kind in his or her possession or under his or her control on his or her death, resignation, retirement, or removal from office. (iv) Audit or Financial Statement. The Treasurer shall obtain an audit or financial statement for the Corporation, if determined necessary by the Board of Directors. Section 6.07 Officer Terms In general, the Board of Directors shall elect officers for the coming year before the start of that year. Typically, each officer shall be elected to serve for three years or until his or her successor shall have been elected and shall have qualified, or until such officer's earlier death, resignation or removal, but in no event may any such officer serve in the same position for longer than six consecutive years. However, the Board of Directors may in their discretion, from time to time by act of the majority of the Directors pursuant to these Bylaws, vote to extend the term or terms of any officer when it is deemed to be appropriate, necessary, and in the best interests of the Corporation. New offices may be created and filled at any meeting of the Board of Directors consistent with our Articles of Incorporation and other applicable legal documents. ARTICLE 7. COM M ITTEES Section 7.01 Executive Committee The Executive Committee shall consist of the officers and such other persons as directed by the Board, from time to time. The Executive Committee, unless limited by a resolution of the Board, shall have and may exercise all the authority of the Board in the management of the business and affairs of the Corporation between meetings of the Board, subject to the provisions of Section 6.04. Bylaws Amended: 01/27/2013; 04/02/2013; 10/05/2013; 01/26/2014; 04/18/2014; and 01/25/2015, 01/29/2021, 01/28/2024