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Columbia Northwestern MRC |
| 5. Funding for the Columbia Northwestern Model Railroad Club |
| 5.1 The Executive Committee shall have the power to schedule fund raising events and activities to supplement the funds generated by membership dues for the operations and activities of the club. |
| 5.2 All monies shall be placed in a general operating fund and shall be audited on a semi-annual basis by two (2) active club members, neither of which shall be an Executive Officer. |
| 5.3 Checking accounts held by the club shall be used only for the legitimate activities of the club, and shall require two (2) signatures on the checks. In the interest of necessity, all three Executive Officers shall be allowed to sign checks, in the event that one of them is not available at the time a check is required. |
| 5.4 The Treasurer shall make no payment exceeding one hundred dollars ($100.00) from the club funds without prior approval of the club body. Normal monthly bills, if in excess of this amount shall be exempt from this rule. |
| 5.5 The Treasurer shall make available, and shall read at all regular business meetings of the Columbia Northwestern Model Railroad Club, a current financial report, including all disbursements since the last regular meeting. |
