Page 13 - HSCA_By-Laws

determined by the Board of Directors and approved by two-thirds (2/3)

of the members in good standing present at a bi-annual meeting.

The Secretary shall record the votes and keep the minutes of all

meetings and proceedings of the Board and of the members; keep the

corporate seal of the Association and affix it to all papers requiring

said seal and shall perform such other duties as required by the

Board.

(D) The TREASURER shall receive and maintain clear records of the

status of all dues; he or she shall deposit all funds in the name of

the Association in some depository satisfactory to the Board of

Directors; he or she shall disburse such funds as are directed from

time to time by resolution of the Board of Directors, provided,

however, that a resolution of the Board of Directors shall not be

necessary for disbursements made, in the ordinary course of business;

and shall sign all checks and drafts of the Association. Funds must

only be deposited in a federally insured financial institution.

The Treasurer shall explain the Association's financial

transactions to auditors, and shall deliver to his or her successors,

when duly qualified, all books, papers and moneys pertaining to his or

her office. He or she shall keep on file an accurate roster of all

members with their correct addresses and ensure that a current roster

of names of all active, tenant and associate members in good standing

is posted at the community house during the operating season. He or

she will ensure that a current budget plan, approved at the spring

meeting, is posted at the community house during the operating season.

The Treasurer shall be bonded, at the expense of the Association, in

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