chapter one brief history of the nigerian society of engineers 1.0 ...

6.11.2 ChequesAll payments to outside bodies shall as much as possible be made byCheques duly signed by the authorized signatories to the DivisionBank Accounts.6.11.3 Cash PaymentsCash payment shall as much as possible be limited to internaltransactions6.12 FINANCIAL REGULATIONSi) A special form shall be prepared for application for fund. Fourcopies of such a form shall be completed by applicant whoshall retain the fourth copy, and hand over three copies to theDivision Chairman.ii)iii)iv)The Chairman, after approval, shall retain one copy and handover two copies to the Treasurer for payment. After payment,the Treasurer shall give one copy to Financial Secretary withinone week and retain the last copy.The Treasurer shall not honor any application for fund that hasnot been approved by EXCO or the General Meeting wheresuch an approval is beyond what the Chairman is authorize toapprove.The Chairman shall present any such application in (i) to thenext EXCO Meeting for clearance.v) Any approval made by the Chairman within his limit shall betaken to the next EXCO for ratificationvi)vii)Any violation of this section shall attract a fine to be decided byEXCO and Treasurer shall refund the entire sum involvedin the first instanceAny sum of money advance as impress shall be retired beforeany re-imbursement shall be made. Retirement of impress shallbe to the Treasurer with copy to the Chairman.viii) A comprehensive financial report shall be given to EXCO byevery Committee Chairman at most one month after the activity21