Handbook 2013.indd - Softball Saskatchewan

Section Nine - Financial Matters
9.01 Accounts
a) all approved accounts shall be paid by cheque.
b) all cheques written on the operating account at the Provincial Office of the
Association shall be signed by two of the President, Treasurer or Executive
Director.
c) in the event that the Treasurer is unable to act, the President or appointed
Director shall perform the duties of the Treasurer.
9.02 Audit And Inspection Of The Books
a) the books and records of the Association shall be kept by the Executive
Director under the strict supervision of the Treasurer, and shall be audited each
year by an independent auditor. This independent auditor shall be designated
by the Board at its first regular meeting following the Annual General
Meeting.
b) the books and records of the Association may be inspected by members of the
Association, by appointment made through the office of the President, at the
Provincial Office of the Association. Such a member must be in good standing
with the Association. The expenses of travel, housing and loss of time
inspecting the books shall be borne by the requesting member.
9.03 Borrowing Power
Upon resolution passed by not less than three-quarters of the Board, the
Association may from time to time:
a) borrow money upon the credit of the Association;
b) issue, reissue, sell or pledge bonds, debentures, notes or other evidence of
indebtedness or guarantee of the Association, whether secured or unsecured;
and
c) mortgage, hypothecate, pledge or otherwise create and interest in or charge
upon all or any property (including the undertaking and rights) of the
Association, owned or subsequently acquired, by way of mortgage,
hypothecate, pledge or otherwise, to secure payment of any such evidence of
indebtedness or guarantee of the Association. Nothing in this section limits or
restricts the borrowing of money by the Association on bills of exchange or
promissory notes made, drawn, accepted or endorsed by or on behalf of the
Association.
9.04 Indemnities To Directors And Others
Every Director or Officer of the Association or other person who has
undertaken or is about to undertake any liability on behalf of the Association
or any company controlled by it and their heirs, executors and administrators,
and estate and effects, respectively, shall from time to time and at all times, be
indemnified and saved harmless out of the funds of the association, from; and
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