Chief Financial Officer
The Chief financial Officer of the
corporation shall be elected by the member clubs. The President shall solicit in
writing from the eligible member clubs nominations for the offices of Chief
Financial Officer. Such nominations shall be made within the 12 months preceding the
commencement of the term for each office as set forth in this Article. For the chief
financial Officer, nominations will be solicited in even numbered years only. The period
for submitting nominations shall be close on October 31 of each year preceding the term
for which the office is to be elected, and written indication of willingness to stand for
election shall be received from all nominees by the same date. The selection of the
candidates for the office of Chief Financial Officer shall be determined by the
three individuals for each office who receive the largest number of nominations for that
office from the member clubs.
Duties: The Chief Financial Officer shall attend to the following:
(a) Books of account. The Chief Financial Officer shall keep and maintain, or cause to he kept and maintained, adequate and correct books and records of the properties and business transactions of the corporation, including accounts of its assets, liabilities, receipts, disbursements, gains. Losses, capital, retained earnings, and other matters customarily included in financial statement. The books of account shall be open to inspection by any director at any reasonable time.
(b) Deposit and Disbursement of Money and Valuables. The Chief Financial Officer shall deposit all money and other valuables in the name and to the credit of the corporation with such depositories as may be designated by the Board of Directors; shall disburse the funds of the corporation as may be ordered by the Board of Directors; shall render to the President and Directors, whenever they request it, an account of all his transactions as Chief Financial Officer and of the financial condition, comparing approved budget line items to the receipts and expenditures for the current period, as well as the year to date. This report should be made to members of the Area Council and the Council Committee Chairman; and shall have other powers and perform such other duties as may be prescribed by the Board of Directors or the Bylaws.
(C) Bond. If required by the Board of Directors, the Chief Financial Officer shall give the corporation a bond in the amount and with the surety or sureties specified by the Board for faithful performance of the duties of his office and for restoration to the corporation of all its books, papers, vouchers, money and other property of every kind in his possession or under his control on his death, resignation, retirement, or removal from office.
(d) The Chief Financial Officer shall serve a term of two years beginning July 1 of odd numbered years. No person shall serve more than three consecutive terms.
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