Board/Bylaws: Difference between revisions

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===Roles and responsibilities===

The President shall ~~serve~~ as the ~~chief executive officer~~ of the Foundation, and ~~as such~~, may ~~make policies in areas~~ not ~~expressly provided for~~ by Board ~~policy~~, ~~consistent~~ with ~~these Bylaws. Such policies shall remain in effect until amended~~ or ~~repealed~~ by the Board or ~~President. The President~~ shall ~~also preside over meetings~~ of the ~~Board~~.

The President shall have general supervision of the Foundation's daily affairs and shall perform all other duties as are incidental to the office or as required by resolution of the Board. The President shall keep the Board of Directors informed of Foundation activities through regular reports. For emergency and discretionary spending needs during the year, the President may authorize the Treasurer to carry out expenditures up to the amount previously authorized by the Board. The President shall not carry out expenditures directly unless authorized by resolution of the Board. The President may sign, with the Secretary or any other proper officer of the organization thereunto authorized by the Board of Directors, any contracts, or other instruments which the Board of Directors has authorized to be executed, except in cases where the signing and execution thereof shall be expressly delegated by the Board of Directors or by these Bylaws to some other officer or agent of the Organization, or shall be required by law to be otherwise signed or executed.

The Vice President may perform the duties of the President if the President is unable or unwilling to perform them.

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The Secretary shall keep all records of meetings, any records required by law, and handle correspondence to or from the Foundation, unless the matter requires another officer to respond.

The Treasurer shall ~~oversee~~ the financial ~~affairs~~ of the ~~Foundation, maintain~~ financial ~~records,~~ and ~~give~~ financial ~~reports quarterly to~~ the Board.

The Treasurer shall:

* Have custody of all the Organization's monies and securities and keep regular books of account;

* Disburse the organization's funds in payment of the just demands against the Organization or as may be ordered by the Board, taking proper vouchers for such disbursements;

* Provide the Board of Directors a financial report at least once every quarter of the fiscal year;

* Inform the Board of Directors on the financial health of the Organization; and

* Provide the Board with an account of all his or her transactions as Treasurer and of the financial conditions of the office properly required of him or her by the Board.

==Article 5: Meetings==

@@ Line 71: / Line 71: @@
 ===Roles and responsibilities===
-The President shall serve as the chief executive officer of the Foundation, and as such, may make policies in areas not expressly provided for by Board policy, consistent with these Bylaws. Such policies shall remain in effect until amended or repealed by the Board or President. The President shall also preside over meetings of the Board.
+The President shall have general supervision of the Foundation's daily affairs and shall perform all other duties as are incidental to the office or as required by resolution of the Board. The President shall keep the Board of Directors informed of Foundation activities through regular reports. For emergency and discretionary spending needs during the year, the President may authorize the Treasurer to carry out expenditures up to the amount previously authorized by the Board. The President shall not carry out expenditures directly unless authorized by resolution of the Board. The President may sign, with the Secretary or any other proper officer of the organization thereunto authorized by the Board of Directors, any contracts, or other instruments which the Board of Directors has authorized to be executed, except in cases where the signing and execution thereof shall be expressly delegated by the Board of Directors or by these Bylaws to some other officer or agent of the Organization, or shall be required by law to be otherwise signed or executed.
 The Vice President may perform the duties of the President if the President is unable or unwilling to perform them.
@@ Line 77: / Line 77: @@
 The Secretary shall keep all records of meetings, any records required by law, and handle correspondence to or from the Foundation, unless the matter requires another officer to respond.
-The Treasurer shall oversee the financial affairs of the Foundation, maintain financial records, and give financial reports quarterly to the Board.
+The Treasurer shall:
+* Have custody of all the Organization's monies and securities and keep regular books of account;
+* Disburse the organization's funds in payment of the just demands against the Organization or as may be ordered by the Board, taking proper vouchers for such disbursements;
+* Provide the Board of Directors a financial report at least once every quarter of the fiscal year;
+* Inform the Board of Directors on the financial health of the Organization; and
+* Provide the Board with an account of all his or her transactions as Treasurer and of the financial conditions of the office properly required of him or her by the Board.
 ==Article 5: Meetings==