ARTICLE V Contracts, Checks, Bank Accounts and Investments PDF Print E-mail
Written by Administrator   
Friday, 13 April 2007 08:13

Section 1. Checks, Notes, and Contracts. The Board is authorized to select the banks or depositories it deems proper for the funds of the Corporation and shall determine who shall be authorized in the Corporations’ behalf to sign bills, notes, receipts, acceptances, endorsements, checks, releases, contracts, and documents.

Section 2. Investments. The funds of the Corporation may be retained in whole or in part in cash or be invested and reinvested periodically in such property, real, personal or otherwise, including stocks, bonds or other securities, as the Board may deem desirable. The Board shall review investment prospects to ensure ethical integrity.

 

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