Article XIV
CONTRACTS — LOANS —DISBURSEMENTS — DEPOSITS
CONTRACTS — The Board may authorize any officer or officers, agent or agents, to enter into any contract or execute any instrument in the name of and on behalf of the Chamber and such authority may be general or confined to specific instance.
LOANS — No loans shall be contracted on behalf of the Chamber and no evidence of indebtedness shall be issued in its name unless authorized by a resolution of the Board of Directors. Such authority may be general or confined to specific instances.
DEPOSITS — All funds of the Chamber shall be deposited from time to time to the credit of the Chamber in such bank, Trust Companies or other depositories as the Board may select.
DISBURSEMENTS — No disbursement of the funds by the Chamber may be made unless approved, authorized, and ordered by the Board. All disbursements, other than petty cash must be made by check, signed by both the President and the Treasurer.