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ARTICLE VIII – EXPENDITURES. SECTION 1. EQUIPMENT Board of Directors shall control all expenditures for
equipment owned by Richland Youth Hockey. All
purchases must be cleared with the Board of Directors. SECTION 2. FACILITIES The Board of Directors shall control all expenditures for
permanent or temporary facilities to be used by Richland Youth Hockey. SECTION 3. LOANS
AND GRANTS The Board of Directors are the only body of people
authorized to bind Richland Youth Hockey to the repayment of loans or to accept
responsibility for the conditions involved in securing grants or major
donations. SECTION 4. LONG TERM LOANS Any loans with a maturity date of more than one year must be approved by the general membership by a majority vote. |
