Article VIII - Contracts, Loans, Checks, Deposits

Section 1. Contracts

The Council may recommend that the Executive Director enter into any contract or execute and deliver any instruments on behalf of the Corporation, and such authority may be general or confined to specific instance.

Section 2. Loans

No loans shall be contracted on behalf of the Corporation and no evidences of indebtedness shall be issued in its name unless authorized by a resolution of the Council. Such authority may be general or confined to specific instances.

Section 3. Checks and Drafts

All checks, drafts or other orders for the payment of money issued in the name of the Corporation shall be signed by such officer or officers, agent or agents of the Corporation and in such manner as shall from time to time be determined by resolution of the Council.

Section 4. Deposits

All funds of the corporation not otherwise utilized shall be deposited from time to time to the credit of the Corporation in such depositories as the Council as EnviroCert International, Inc. shall direct.