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The corporation shall have power to purchase and maintain insurance to the full extent permitted <br />by law on behalf of its officers, Directors, employees, and other agents, against any liability asserted <br />against or incurred by such persons in such capacity or arising out of the person's status as such. <br />ARTICLE 11: EXECUTION OF CORPORATE INSTRUMENTS, <br />AND VOTING OF STOCKS AND MEMBERSHIPS HELD 6Y THE CORPORATION <br />Section 11.01. Execution of Corporate Instruments. Unless otherwise specifically determined by the <br />Board of Directors or otherwise required by law, formal contracts of the corporation, promissory notes, <br />deeds of trust, mortgages, and other evidences of indebtedness of the corporation, and other corporate <br />instruments or documents, and certificates of share of stock owned by the corporation, shalt be executed, <br />signed, or endorsed by the Chairperson of the Board or Vice chairperson of the Board and by the <br />Secretary or Treasurer. <br />The Board of Directors may, at its discretion, determine the method and designate the signatory <br />officer or officers or other person or persons, to execute any specified corporate instrument or document, <br />except when otherwise provided by law, and such execution or signature shall be binding upon the <br />corporation. <br />All checks and drafts drawn on banks or other depositories on funds to the credit of the <br />corporation, or in special accounts of the corporation, shall be signed by such person or persons as the <br />Board of Directors shall authorize to do so. <br />Section 11.02. Votino of Stocks owned by the Corporation. All stock of other corporations or <br />memberships in other corporations owned or held by the corporation for itself, or for other parties in any <br />capacity, shall be voted, and all proxies with respect to such stock or memberships shall be executed, by <br />the person authorized to do so by resolution of the Board of Directors, or in the absence of such <br />authorization, by the Chairperson of the Board, the Vice Chairperson of the Board, or by any other <br />person authorized to do so by the Chairperson of the Board or the President. <br />ARTICLE 12: ANNUAL REPORT TO DIRECTORS <br />The corporation shall provide to the Directors no later than 90 days after the Gose of its fiscal <br />year, a report containing the following information in appropriate detail: <br />(a) The assets and liabilities, incuding the trust funds, of the corporation as of the end of the <br />fiscal year. <br />(b) The principal changes in assets and liabilities, including trust funds, during the fiscal <br />year. <br />(c) The revenue or receipts of the corporation both unrestricted and restricted to particular <br />purposes, for the fiscal year. <br />(d) The expenses or disbursements of the corporation, for both general and restricted <br />purposes, during the fiscal year. <br />The report shall be accompanied by any pertinent report of independent accounts, or, if there is <br />no such report, the certificate of an authorized officer of the corporation that such statements were <br />prepared without audit from the books and records of the corporation. <br />9 <br />