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  • ARTICLE XI: Receipt, Investment and Disbursement of Funds

    Section 1. Moneys and Properties. The Corporation shall receive all moneys or other properties transferred to it for the purposes for which the Corporation was formed. However, nothing contained herein shall require the elders to accept or receive any money or property of any kind if it shall determine in its discretion that receipt of such money or property is contrary to the expressed purposes of the Corporation expressed in this constitution

    Section 2. Disbursement of Funds and Properties. The Corporation shall hold, manage and disburse any funds or properties received by it from any source in a manner that is consistent with the expressed purposes of this corporation. All checks, drafts, demands for money and notes of the Corporation shall be signed by such officer or officers, agent or agents, as the elders may from time to time designate.

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