WASHINGTON RENEGADES RUGBY FOOTBALL CLUB
A Nonprofit Corporation of the District of Columbia
ARTICLE VIII - EXECUTION OF INSTRUMENTS, DEPOSITS AND FUNDS
(adopted 4 June 2000)
SECTION 1. EXECUTION OF INSTRUMENTS
The Board of Directors, except as otherwise provided in these Bylaws, may by resolution authorize any officer or agent of the
corporation to enter into any contract or execute and deliver any instrument in the name of and on behalf of the corporation,
and such authority may be general or confined to specific instances. Unless so authorized, no officer, agent, or employee shall
have any power or authority to bind the corporation by any contract or engagement or to pledge its credit or to render it liable
monetarily for any purpose or in any amount.
SECTION 2. CHECKS AND NOTES
Except as otherwise specifically determined by resolution of the Board of Directors, or as otherwise required by law, checks,
drafts, promissory notes, orders for payment of money, and other evidence of indebtedness of the corporation shall be signed by
the Treasurer, the President, or the Secretary, and countersigned by any other one of the above officers.
SECTION 3. DEPOSITS
All funds of the corporation shall be deposited from time to time to the credit of the corporation in such banks, trust
companies, or other depositories as the Board of Directors may select.
SECTION 4. GIFTS
The Board of Directors may accept on behalf of the corporation any contribution, gift, bequest, or devise for the charitable
or public purposes of this corporation.
SECTION 5. LIMITATION ON DISBURSAL OF FUNDS (adopted July 14, 2002)
No funds shall be disbursed to any person, group of persons, organization, corporation, partnership, or any other legal entity unless the disbursal is aimed at the fulfillment of one or more of the corporation's stated purposes in its original application for 501(c)3 tax exemption status, and
- the recipient of the funds has received 501(c)3 tax exemption status and demonstrates suitable proof of same to the Corporation; or
- the recipient of the funds is being paid for services rendered.