Differences between version 12 and predecessor to the previous major change of WlugCharter.
Other diffs: Previous Revision, Previous Author, or view the Annotated Edit History
| Newer page: | version 12 | Last edited on Saturday, October 25, 2008 12:52:08 pm | by ChrisOh | Revert |
| Older page: | version 11 | Last edited on Monday, September 10, 2007 4:16:07 pm | by AristotlePagaltzis | Revert |
@@ -127,9 +127,9 @@
The seal can be used to verify documents on behalf of the society, either by the committee or officers of the committee at an AGM or special meeting, or by the president of the society if s/he deems it appropriate.
!!__Rule 9__%%%
-The funds of the society shall be held under the control of the officers of the committee. The treasurer and secretary
shall have joint required
signing rights, and operate the bank accounts, handle investments, and make payments as needed.
+The funds of the society shall be held under the control of the officers of the committee. The officers
shall have joint signing rights with a minimum of two signatories required
, and operate the bank accounts, handle investments, and make payments as needed.
Surplus funds, which are defined as being funds well in excess of the typical operating expenses of the society at the appropriate point in time can be invested, however no provision is made within the charter for this at the time of inception and should such a change be required it must be motioned at an AGM or at a special meeting called for this purpose.
No member of the organisation or any person associated with a member shall participate in or materially influence any decision made by the organisation in respect of the payment to or on behalf of that member or associated person of any income, benefit, or advantage whatsoever.
