Orange County NC Website
15 <br />absence of such determination by the Board, such instruments shall be signed by the Secretary- <br />Treasurer and countersigned by the President or Vice-President. <br />Section 10.07 Deposits <br />All corporate funds shall be deposited from time to time to the Corporation's credit in such bank or <br />banks or other depositories as the Board may select from time to time. <br />Section 10.08 Gifts <br />The Board may accept on behalf of the Corporation any contribution, gift, bequest or devise for the <br />general purpose or special purpose of the Corporation. <br />Section 10.09 Use of Facilities <br />The Corporation sha11 not enter into any contract or other arrangement for the use of the PFAP Center <br />that discriminates whether written or in practice, on the basis of race, ethnicity, color, religion, sex, <br />national origin, age, sexual orienta.tion, disability, income, marital status, or other bases which may be <br />protected by applicable law. <br />Article XI. BUDGETING, BOOKS AND RECORDS <br />Section 11.01 Book and Records <br />The Corporation shall keep correct and complete books and records of account and shall also keep <br />minutes of the proceedings of the Board, and committees having any of the authority of the Board. <br />All books and records of the Corporation may be inspected by any Director for any proper purpose at <br />any reasonable time upon reasonable notice and request therefore. For the three (3) year period <br />following creation of the Corporation the Corporation shall contract with Orange County for <br />assistance with the maintenance of such books and records as needed. <br />Section ~ 1.02 Budgeting <br />The Corporation shall comply with generally accepted accounting principles in budgeting and <br />financial transaction matters. For at least the three (3) year period following creation of the <br />Corporation the Corporation shall contract with Orange County for assistance with budgeting and <br />accounting. Notwithstanding any other provision in this Code of By-Laws the provisions of this <br />Article XI may not be amended or repealed within the three (3) year period following creation of the <br />Corporation. <br />Article XII. INDEMNIFICATION OF DIRECTORS AND OFFICERS <br />The private property of the Directors and Officers shall be exempt from execution or other liability <br />for any debts of the Corporation, and no Director or Officer shall be personally liable or responsible <br />for any debts or liabilities of the Corporation. <br />The provisions of N.C.G.S. Chapter SSA, Article 8, Part 5, or any successor provision, except as <br />limited by N.C.G.S. Section SSA-2-02 or any successor provision, shall fully apply without restriction <br />or limitation as to indemnification of and advancing litigation expenses to Directors, Officers, <br />employees or agents of the Corporation acting within the scope of their duties. All Officers and <br />Directors shall be deemed to have relied on this provision. <br />To the extent provided in N.C.G.S. Section SSA Article 8, Part 6, or any successor provision, except <br />as limited by N.C.G.S. Section SSA-2-02 or any successor provision, no Director, Officer, employee <br />14 <br />