Orange County NC Website
Browse       Search
10 <br />corporation in such depositories as shall be selected in accordance <br />with the provisions of Section 4 of Article VII of these Bylaws; (b) <br />prepare, or cause to be prepared, monthly reports to be given at each <br />meeting of the Board of Directors, and a true statement of the <br />corporation's assets and liabilities as of the close of each fiscal <br />year, all in reasonable detail, which statement shall be made and <br />filed at the corporation's registered office or principal place of <br />business in the State of North Carolina within four (4) months after <br />the end of such fiscal year and kept available there for a period of <br />at least ten years; (c) in conjunction with the staff and/or a <br />Committee on Finance appointed by the Board, prepare the annual <br />budget; and (d) in general perform all of the duties incident to the <br />office of Treasurer and such other duties as from time to time may be <br />assigned to him or her by the President or by the Board of Directors, <br />or by these Bylaws. <br />Section 9. Assistant Treasurer. The Assistant Treasurer shall <br />serve at the direction of the Treasurer and assist the same with the <br />fulfillment of his or her duties. <br />Section 10. Limited Liability. Officers may be indemnified from <br />personal liability as provided generally in N.C.G.S. 55A, Article 8, <br />Part 5, and Officers shall be indemnified from personal liability as <br />provided in N.C.G.S. 55A-8-52. <br />ARTICLE VII <br />STAFF <br />The staff may consist of an Executive Director or Coordinator and <br />such other staff as may be necessary to carry out the functions of the <br />corporation, as the Board of Directors shall determine from time to <br />time. The Executive Director or Coordinator .shall be responsible to <br />the Board of Directors. All other paid staff shall be responsible to <br />the Executive Director or Coordinator. <br />ARTICLE VIII <br />CONTRACTS, LOANS, CHECKS, AND DEPOSITS <br />Section 1. Contracts. The Board of Directors may authorize any <br />officer or officers, agent or agents, to enter into any contract or <br />execute and deliver any instrument in the name of and on behalf of the <br />corporation, and such authority may be general or confined to specific <br />instances. All such contracts shall be in accordance with the annual <br />budget approved by the Board of Directors at its Annual Meeting. <br />Section 2. Loans. No loans shall be contracted on behalf of the <br />corporation and no evidences of indebtedness shall be issued in its <br />name unless authorized by a resolution of the Board of Directors. <br />Such authority may be general or confined to specific instances. <br />