2021Bylaws

Bylaws (Colorado)

(2) To arrange for the payment of all obligations of this corpora- tion out of authorized appropriations in a manner consistent with these bylaws. Amend. 1979, 1999 (3) To arrange at the General Offices of this corporation for the transfer, liquidation, sale or deposit of the assets and property of this corporation as the board of directors shall direct. (4) To arrange at the General Offices of this corporation for the maintenance of adequate and complete records and books of account of this corporation showing the details of: (i) Its financial transactions, receipts and disbursements, inven­ tories of property and other assets, both real and personal, and depreciation; (ii) Its true financial condition, investments, trusts and endow- ment funds, and the income therefrom; and (iii) Its operating results, its income and sources thereof, and its salaries and expenses. (5) To keep and maintain all budget control records. (6) To supervise, direct and control the maintenance of all books of account and financial records and transactions at the General Offices of this corporation, and all personnel engaged in such work, unless such supervision, direction and control, or any part thereof, is otherwise assigned by action of the board of directors and approved by a majority of the members at any meeting of this corporation. (7) To arrange, with the approval of the Investment Committee, for the prudent investment of all idle current funds of the corporation not needed for immediate payment of obligations. Amend. 1999 (8) As soon as practicable after the end of each calendar year, and more often if requested by the board of directors or the board of trust- ees, he shall arrange for and submit: (i) An annual statement of the financial condition of this corpora- tion, its assets, trust and endowment funds, and reserves and sources (iii) Any other or supplementary report or statement necessary to disclose its true financial condition, the nature and current esti- mated value of its assets, and its operating results, its income and the sources thereof, the status of its trust and endowment funds and the investment thereof, and the results of its investment operations. (9) He may make recommendations to the boards of directors and trustees with respect to improvement of methods in keeping records or additional records which should be maintained. thereof, and its liabilities and net worth; (ii) An annual operating statement; and

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BYLAWS (COLORADO)