Section 2 - All bills owed by the club shall be paid by cheques signed by the authorized signatories upon proper authorization approved by the Board of Directors.

Section 3 - Each year the Board of Directors shall appoint a qualified person other than the Treasurer to examine the financial records of the club and report to the Board on the club's financial position.

Section 4 - The Treasurer and officers having charge or control of the funds of the club may be required by the Board of Directors to give bond for the safe custody of the funds, the cost of such bond to be borne by the club.

Section 5 - The fiscal year of the club shall extend from July 1 to June 30, and for collection of members' dues shall be divided into two (2) semiannual periods extending from July 1 to December 31, and from January 1 to June 30. The payment of per capita dues and magazine subscriptions to RI and the District 3450 shall be made on July 1 and January 1 of each year on the basis of the membership of the club on those dates.