SECTION 7.1 EXECUTION OF INSTRUMENTS
The Board, except as otherwise provided in these bylaws, may by resolution authorize any officer to enter into any contract or execute and deliver any instrument in the name of and on behalf of the corporation, and such authority may be general or confined to specific instances. All contracts, deeds and other instruments shall be signed on behalf of the Corporation by the authorized officer and one other officer. Unless so authorized, no officer, agent, or employee shall have any power or authority to bind the corporation by any contract or engagement or to pledge its credit or to render it liable monetarily for any purpose or in any amount.
SECTION 7.2 CHECKS AND NOTES
Except as otherwise specifically determined by resolution of the Board, or as otherwise required by law, checks, drafts, promissory notes, orders for the payment of money, and other evidence of indebtedness of the corporation in excess of $500.00 shall be signed by at least two officers.
SECTION 7.3 DEPOSITS
All funds of the corporation shall be deposited in a timely manner to the credit of the corporation in such banks, trust companies, or other depositories as the Board may select.
SECTION 7.4 GIFTS
The Board may accept on behalf of the corporation any contribution, gift, bequest, or devise for the purpose of this corporation.
SECTION 7.5 Fiscal Year
The fiscal year for the Corporation shall be the calendar year.
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