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STU 26-04
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Except as otherwise specifically determined by resolution of the board of directors, or as <br /> otherwise required by law, checks, drafts, promissory notes, orders for the payment of money, <br /> and other evidence of indebtedness of the corporation shall be signed by the treasurer and <br /> countersigned by the president of the corporation. <br /> Section 3. Deposits <br /> All funds of the corporation shall be deposited from time to time to the credit of the corporation <br /> in such banks, trust companies, or other depositories as the board of directors may select. <br /> Section 4. Gifts <br /> The board of directors may accept on behalf of the corporation any contribution, gift, bequest, or <br /> devise for the nonprofit purposes of this corporation. <br /> Article 7 <br /> Corporate Records, Reports, and Seal <br /> Section 1. Maintenance of Corporate Records <br /> The corporation shall keep at its principal office: <br /> a. Minutes of all meetings of directors, committees of the board, and, if this corporation has <br /> members, of all meetings of members, indicating the time and place of holding such <br /> meetings, whether regular or special, how called, the notice given, and the names of those <br /> present and the proceedings thereof, <br /> b. Adequate and correct books and records of account, including accounts of its properties <br /> and business transactions and accounts of its assets, liabilities, receipts, disbursements, <br /> gains, and losses; <br /> c. A record of its members, if any, indicating their names and addresses and, if applicable, <br /> the class of membership held by each member and the termination date of any <br /> membership; <br /> d. A copy of the corporation's articles of incorporation and bylaws as amended to date, <br /> which shall be open to inspection by the members, if any, of the corporation at all <br /> reasonable times during office hours. <br /> Section 2. Corporate Seal <br /> The board of directors is not required to, but may, adopt and keep a corporate seal. <br /> 10 <br /> 26-04 <br />
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