Article VII. Allowable use of Assets - please comment
Posted: Sat Aug 25, 2007 4:55 pmArticle VII. Allowable use of Assets
Section 2. Any gains that result from operations of The Society must become assets of The Society and may not go to Officers or Directors.
Section 3. The Treasurer must make regular reports to the Board of Directors on the status of Society assets.
Section 4. Disbursement of assets must be for functions that General Members are eligible to benefit from.
Section 1. Officers and Directors may not receive disbursements from the treasury.Vector's Commentary wrote:Disbursement of assets for events needs to be in a way that is "fair". For example a "party" for Directors, or for "certain members" would be an abuse of assets and would weaken good-will with our General Members. However, a clause that would require all events to be open to all General Members may be troublesome because there may be good reason to limit an event to only men, or to limit an event to only members 21 and up.
Section 2. Any gains that result from operations of The Society must become assets of The Society and may not go to Officers or Directors.
Section 3. The Treasurer must make regular reports to the Board of Directors on the status of Society assets.
Section 4. Disbursement of assets must be for functions that General Members are eligible to benefit from.