Article III - Membership (cont'd)
3.4 Each member shall have a single vote.
3.5 The membership will be automatically terminated upon non-payment of annual membership by or before January 31 of each year.
Article IV - Financial Policy
4.1 No remuneration shall be paid for voluntary services provided to the organization. The directors will not receive any compensation for carrying out their duties.
4.2 All disbursements shall require approval of the board before any payments are made. The checks shall be signed by both the treasurer and the president or vice-president. However, disbursements below Fifty Dollars ($50) can be approved post facto by the board. Approval of the board may be obtained in writing, by documenting consent in meeting minutes or via electronic mail (Email).
4.3 The fiscal year of the organization shall be from January 1 to December 31 each year.
4.4 The financial and tax records shall be kept for minimum period of 7 years.
4.5 An internal and/or external review of financial records shall be performed each year.
4.2 All disbursements shall require approval of the board before any payments are made. The checks shall be signed by both the treasurer and the president or vice-president. However, disbursements below Fifty Dollars ($50) can be approved post facto by the board. Approval of the board may be obtained in writing, by documenting consent in meeting minutes or via electronic mail (Email).
4.3 The fiscal year of the organization shall be from January 1 to December 31 each year.
4.4 The financial and tax records shall be kept for minimum period of 7 years.
4.5 An internal and/or external review of financial records shall be performed each year.
Article V - Board of Directors and Committees
5.1 Number of Directors: SAWA shall have a Board of Directors consisting of at least 7 and no more than 11 directors. Within these limits, the board may increase or decrease the number of directors serving on the board, including for the purpose of staggering the terms of directors.
5.2 Election of Directors:
a) Directors may be elected at any board meeting by the majority vote of the existing board of directors. The election of directors to replace those who have fulfilled their term of office shall take place in April each year during annual meeting of membership. Vacancies in the board of directors shall be filled by the board for the balance of the term of the director being replaced.
