Laserfiche WebLink
Article VI <br /> EXECUTIVE DIRECTOR <br /> Subject to such supervisory powers, if any, as may be <br /> given by the Board of Directors to the President, the Executive <br /> Director shall be the General Manager and Chief Executive <br /> Officer of the Corporation and shall, subject to the control of <br /> the Board of Directors, have general supervision, direction, <br /> and control of the business of the Corporation. The Executive <br /> Director shall have the power to sign contracts, agreements or <br /> any other instruments in connection with the purposes and <br /> business affairs of the Corporation. The Executive Director <br /> shall have the general powers and duties of management usually <br /> vested in the office of president of a corporation, and shall <br /> have such other powers and duties as may be prescribed by the <br /> Board of Directors or by these Bylaws. <br /> Article VII <br /> MISCELLANEOUS <br /> Section 7.1. Fiscal Year. The fiscal year of this <br /> corporation shall end each year on December 31. <br /> Section 7.2. Corporate Seal. This corporation shall <br /> have a seal which shall be specified by resolution of the Board <br /> of Directors. The seal may be affixed to any corporate <br /> instruments, as directed by the Board or any of its officers, <br /> but failure to affix it shall not affect the validity of the <br /> instrument. <br /> Section 7.3. Contracts. All contracts entered into on <br /> behalf of this corporation must be authorized by the Board of <br /> Directors, or, where the contract is for less than $5000, by <br /> the president. <br /> Section 7.4. Execution of Checks. Except as otherwise <br /> provided by law, every check, draft, promissory note, money <br /> order, or other evidence of indebtedness of the corporation <br /> shall be signed by such individuals as are authorized by the <br /> Board of Directors. <br /> Section 7.5. Indemnification. This corporation shall <br /> indemnify its directors, officers, employees, and agents, <br /> including persons formerly occupying any such position, to the <br /> fullest extent permitted by law, against all expenses, <br /> judgments, fines and other amounts actually and reasonably <br /> incurred by them in connection with any threatened, pending or <br /> completed action or proceedings, whether it is civil, criminal, <br /> administrative or investigative. <br /> -9- <br />