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s BYLAWS — HOMELESS ASSISTANCE CENTER, INC February, 2003 ARTICLE VIII BYLAW AMENDMENTS, RULES , POLICIES AND PROCEDURES 8. 1 AMENDMENTS The power to make, alter, amend or repeal the Corporation Bylaws shall be vested in the Board of Directors of the Corporation . Proposals for such changes, additions or deletions shall be submitted in writing to the Secretary for immediate distribution to the Board of Directors at least five [5] business days before a regular monthly meeting at which the Board may take action . 8. 1 . 1 Voting Requirement Approval of any changes , additions or deletions to the Bylaws shall require a majority vote of all Board of Directors . 8.2 RULES . POLICIES AND PROCEDURES The Board of Directors may adopt, amend or repeal rules, policies and procedures for the management of the internal affairs of the Corporation (as described in the Corporation's Policy and Procedure Manual) and the governance of its Officers, agents , Committee members and employees . ARTICLE IX MISCELLANEOUS 9. 1 FISCAL YEAR AND METHOD OF ACCOUNTING The fiscal year of the Corporation shall be July I ` through June 30`b of each year. The accrual method of accounting shall be the method used by the Corporation . The Corporation shall have an annual audit performed by an independent accredited CPA accounting firm . The annual audit shall be completed, reviewed and approved by the Board of Directors at their October board meeting each year. 9.2 SIGNATURE OF NEGOTIABLE INSTRUMENTS All bills, notes, checks or other instruments for payment of money shall be signed by the Executive Director as he or she is authorized to do so as set forth in these Bylaws or by resolution of the Board of Directors . In the event the Executive Director is not available to execute the aforesaid instruments, the Corporation's Board Treasurer or officer[s] of the board shall have the authority to execute these documents subject to the same restrictions as are hereby imposed upon the Executive Director. Signature cards for the Corporation' s financial accounts shall include the names of all members of the Executive Committee, the Executive Director or as designated by the board. The Executive Director, through the Corporation's Comptroller, shall be responsible for ensuring that the applicable signature cards are kept up to date . 9.3 DEPOSITS All funds of the Corporation shall be deposited, from time to time, to the credit of the Corporation in one or more such banks, trust companies or other depositories as the Board of Directors may, from time to time, designate and upon such terms and conditions as shall be fixed by the Board. All deposits shall be made by someone other than the person preparing said deposit[s] . The person making said deposit[s] shall be designed by the Executive Director or the Executive Committee . The Executive Director may be the person making deposit[s] . 10