(b) Documents requiring execution by the Corporation may be signed by the President or the First Vice President and the Recording Secretary or the Treasurer or any two (2) Directors, and all document so signed are binding upon the Corporation without any further authorization or formality. The Board may from time to time, by resolution, direct the way and the person or persons by whom any Document may or shall be signed. The signature of any Director or Officer of the Corporation may be written, stamped or electronic.
11.3 Banking and Borrowing Arrangements
The Corporation's banking business or any part thereof shall be transacted with such banks, trust companies or other financial institutions as the Board may, by resolution, determine from time to time. Without limiting the Corporation's borrowing powers as provided by the Act, but subject to the Articles, the Board may from time to time on the Corporation's behalf, without the Members' authorization:
(a) borrow money on the Corporation's credit;
(b) issue, reissue, sell or pledge debt obligations of the Corporation;
(c) give a guarantee on the Corporation's behalf to secure the performance of any obligation of any person; and
(d) mortgage, pledge or otherwise create a security interest in all or any of the Corporation's property, owned or subsequently acquired, to secure any of the Corporation's obligations.
11.4 Financial Year
Unless otherwise determined by the Board, the Corporation’s fiscal year end shall be the last day of April in each year.
11.5 Appointment of Auditor
The Treasurer will present the third -party audit report to the board at a Board meeting immediately following the issuing of the audit report. The Treasurer will then recommend to the Board a third- party auditor for the following season.
11.6 Investments
Subject to the Articles and applicable laws, and to any limitations accompanying a gift, the Board is authorized to make or receive any investments which the Board in its discretion considers advisable.