Page 7 - Debolt Ag Society

5. Cheques of the Society shall be signed by any two (2) of the following:
a. The President
b. A Vice-President

c. The General Manager
6. Signing Authorities are authorized to disperse funds up to but no greater than $20,000 per transaction
without Board approval.

XVII. Fiscal Year
The fiscal year of the Society begins on October 1 and ends on the following September 30.

XVIII. Auditor
1. No person holding office in or employed by the Society is eligible to be appointed as the auditor of or to
perform any of the duties of the auditor of the Society.
2. The auditor is to be appointed by the board.
3. The auditor must be a member in good standing of an association of accountants recognized by the
Director.

XIX. Financial Statements
1. The financial statement referred to in Section III of the bylaws in accordance with the Act must be a review
engagement report or audit report prepared by a professional accounting firm in accordance with Part 3
of the Chartered Professional Accountants Act.

XX. Membership

1. A person may become a member of the Society if that person pays the membership fee and is interested
in the objectives of the Society.
2. Subject to subsection XXI(1), a person who is 18 years of age or older may become a voting member of
the Society.
3. Payment of the membership fee entitles the person paying it to the privileges of membership for the year
of which the fee is paid.
4. A person under the age of 18 may become a non-voting member

5. The Board reviews and determines membership fees by motion of the Board.
6. At the time a Special Meeting of the society is called no memberships may be sold until the business of
the Special Meeting is concluded.

XXI. Register of members
1. The society shall keep a register of its members containing the names of the persons who applied to form
the society and the name of every other person who is admitted as a member of the society, together with
the following particulars of each person:
a. the full name and mailing address;
b. valid email address;
c. the date on which the person is admitted as a member;

Page 7 of 13