Agenda - 12-13-2011 - 8f - Laserfiche WebLink

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DRAFT PFAPC By-Laws 16 Section 10.06 Checks, Drafts, Etc. All checks, drafts or other orders for payment of money, and all notes, bonds or other evidences of indebtedness issued in the name of the Corporation shall be signed by such officer(s), agent(s), employee(s) of the Corporation in such manner as the Board shall determine by resolution. In the absence of such determination by the Board, such instruments shall. be signed by the Secretary- Treasurer and countersigned by the President or Vice-President. Section 10.07 Deposits All corporate funds shall be deposited from time to time to the Corporation's credit in such bank or banks or other depositories as the Board may select from time to time. Section 10.08 Gifts The Board may accept on behalf of the Corporation any contribution, gift, bequest or devise for the general purpose or special purpose of the Corporation. Section 10.09 Use of Facilities The Corporation shall not enter into any contract or other arrangement for the use of the PFAP Center that discriminates whether written or in practice, on the basis_of race, ethnicity, color, religion, sex, national origin, age, sexual orientation, disability, income, marital status, or other bases which may be protected by applicable law. Article XI. BUDGETING, BOOKS AND RECORDS Section 11.01 Book and Records.. The Corporation shall keep correct and complete books and records of account and shall also keep minutes of the proceedings of the Board, and committees having any of the authority of the Board. All books and records 'of the Corporation may be inspected by any Board member for any proper purpose at any reasonable time upon reasonable notice and request therefore. For the three (3) year period following creation of the Corporation the Corporation shall contract with Orange County for assistance with the maintenance of such books and records as needed. Section 11.02 Budgeting The Corporation shall comply with generally accepted accounting principles in budgeting and fmancial transaction matters. For at least the three (3) year period following creation of the Corporation the Corporation shall contract with Orange County for assistance with budgeting and accounting. Notwithstanding any other provision in this Code of By-Laws the provisions of this Article XI may not be amended or repealed within the three (3) year period following creation of the Corporation. Article XII. INDEMNIFICATION OF DIRECTORS AND OFFICERS The private property of the Directors and Officers shall be exempt from execution or other liability for any debts of the Corporation, and no Director or Officer shall be personally liable or responsible for any debts or liabilities of the Corporation. Draft 12/2 14