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Section 12: Backup to the Treasurer
A backup to the Treasurer of Troubled Times, Inc. will be established such that a complete copy of the books will be sent to the Internal Audit team weekly. This copy can be relayed by whatever means convenient, whether on printed paper mailed or faxed, electronically as a delimited text file suitable for Excel or other spreadsheet applications, or as a specialized accounting file suitable only for a specific computer application. Should the Treasurer be unable to perform his duties, an emergency board meeting will be called with an interim Treasurer appointed by the board and a special election called after 30 days when it is clear that the absence of the Treasurer will continue for more than 30 days. Lacking an appointed interim Treasurer, the President will be authorized to sign as the Treasurer in his stead, but will not be authorized to disburse funds.
Section 8: Second Signature
Except as otherwise specifically determined by resolution of the Board of Directors, or as otherwise required by law, checks, drafts, promissory notes, orders for the payment of money, and other evidence of indebtedness of the corporation over $500 shall be signed by the Treasurer and countersigned by the President of the corporation. Checks or transfer authorizations to be so cosigned will be transported between the Treasurer and President via secure courier. The selection of the secure courier service to be used will be approved by the Board of Directors.
[Section 8: Disbursement Limits
Except as otherwise specifically determined by resolution of the Board of Directors, or as otherwise required by law, checks, drafts, promissory notes, orders for the payment of money, and other evidence of indebtedness of the corporation shall not exceed $1,000.]
Legend: conflicts; conflict to be removed; [replacement text].