ARTICLE XIII:  CONTRACTS, LOANS, CHECKS, AND DEPOSITS

 

A. Contracts. The Board may authorize an officer or agent to negotiate a contract on behalf of the Foundation. The Board must approve all contracts.

 

B. Loans. No loan shall be contracted on behalf of the Foundation.

 

C. Checks. All checks, drafts, or other orders for the payment of money, notes, or other evidences of indebtedness issued by the Foundation shall be signed by any two of the following officers: President, Treasurer, or Secretary.

 

D. Deposits. All funds of the Foundation not otherwise employed shall be deposited from time to time to the credit of the Foundation in such banks, trust companies, or other depositories as the Board may select.

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Bataan-Corregidor Memorial Foundation of New Mexico, Inc.