ARTICLE VIII: FINANCES

  1. Contracts may be entered into and debts incurred by officers or other voting members of the association only upon authorization by the Executive Board.
  2. Monies collected or disbursed by the organization shall be collected or disbursed only by such persons as are authorized by the Executive Board.
  3. All funds collected shall be deposited in the credit of the N.L.G.S.A. in such bank as designated by the Executive Board.
  4. Special funds shall be used only for the purposes for which it is designated. A 2/3’s vote from the Executive Board shall be required to change the designated purpose or to place such special funds in the general treasury.
Lincolnway Community Bank - proud sponsor of the NLGSA