(ARTICLE XIII: DISSOLUTION – REVISED & APPROVED APRIL 4, 2005)

Page Five, Greater Port Austin Area Chamber of Commerce By-Laws
ARTICLE X: FINANCE
A. All money paid to the Chamber, as membership dues shall be deposited in a general account. All money paid to the Chamber for Special Projects shall be deposited in individual accounts maintained by the local financial institution.
B. The Budget Committee shall propose a budget to the Board of Directors for approval no later than the
	December meeting to be enacted January 1st.
C. Bonding - Any Officer and/or Staff member, as the Board of Directors may designate, shall be bonded
	by a fidelity bond in an amount set by the Board of Directors and paid for by the Chamber.
D. The President and Vice President shall be authorized to sign checks up to $1,000.00 individually. All checks written in excess of $l,OOO.OO must be signed by both President and Vice President. Any check written in excess of $1,500.00 must have prior Board of Director approval, accompanied by two signatures.
E. A list of all expenditures shall be presented to the Board of Directors each month for ratification.
ARTICLE XI: PARLIAMENTARY PROCEDURES
The current edition of Robert's Rules of Order shall be the final source of authority in all questions of Parliamentary procedures when such rules are not inconsistent with the Charter or By-Laws of the Chamber.
ARTICLE XII: AMENDMENTS
Proposed amendments shall be submitted to the Board of Directors for consideration and shall be approved by a majority vote of the General Membership. This vote shall take place at the next scheduled General Membership meeting.
ARTICLE XIII: DISSOLUTION
The Chamber shall use it's funds only to accomplish the objectives and purposes specified in these by-laws and no part of said funds shall inure or be distributed to the Members of the Chamber. Upon the dissolution of the Chamber, all assets, and real, and personal property will revert to the local government.