Article X - Property and Monies

Section 1. All properties and monies belonging to the club shall be the property of the membership as a whole and no individual member shall be deemed to have any separate interests therein. All properties must be returned to the club at the end of office or membership.

Section 2. All cheques in payments of authorized bills shall be signed by two Officers, the Treasurer and the President, or the Vice President.

Section 3. All minutes books, books of accounts, and records may be examined at any meeting by registered members.

Section 4. No individual member of the club may pledge the credit of the club in amounts in excess of $50.00 (fifty) without prior thereto having secured the authorization of the executive by way of resolution.

Section 5. The accounts of the club may, as soon as practicable after the end of the fiscal year, be examined and their correctness ascertained by one auditor who shall be appointed annually by the club at its annual general meeting.

Article XI - Amendments

Section 1. These By-laws may be amended at the annual meeting by a majority of all those present, by proxy and in good standing. Notice of proposed amendments will be given to all paid members in writing, be it via e-mail, regular mail or fax, and no later than 15 days prior to the next annual meeting.

Section 2. Each Member will be made aware that a copy of the By-laws can be found in the file section of the Yahoo Group as well as on the clubs web site.

Article XIII - Disbandment

Section 1. This club shall not vote to disband so long as five members in good standing vote to continue.

Section 2. In the event of disbandment of this club, the executives shall meet and after payment of all bills, shall audit the accounts and inventory the club property. Any credit balance of money shall be forwarded to the Secretary-Treasurer of ACFA for deposit in a Savings Account in the name of the club. If the club has not been reactivated within five years from the date of disbandment, all monies so deposited, including accrued interest, shall become the property of ACFA for such use as the Board of Directors of ACFA may decide; provided such use is deemed in the interest of the Cat Fancy in general, such as, but not limited to, Veterinary Scholarships or Feline Research.