| The Cornwall Area of the Military Vehicle Trust Constitution |
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FINANCES
6a The area shall have a bank account (hereinafter referred to as "the area account"). The account shall be held at a Bank and Branch
as decided by the members.
6b The Treasurer shall be held responsible for the good management of the area account.
6c The Treasurer shall report to the membership as to the state of the finances of the area at each AGM and at any time as required by
the membership. The Treasurer shall give their report to the AGM in writing.
6d No monies shall be withdrawn from the area account without the prior agreement of the Committee. Any such agreement shall be
indicated by proposal, seconder, and a majority vote in agreement at a monthly meeting prior to the withdrawal being made.
6e Any withdrawal shall only be made by means of a cheque drawn on the area account. No withdrawal shall be made without two of the
three previously decided signatures on any cheque.
6f Monies may be withdrawn from the area account in association with, or promotion of, the area activities, or in furtherance of the aims of
the area, but only after prior agreement has been indicated at a preceding area meeting in accordance with this constitution.
6g The names of the three Signatories along with examples of their signatures shall be notified to the Bank holding the area account as
may be required by the Bank, and after each and every change of each or all Signatories. Any such notification shall be made by the
Area Secretary. Should the Area Secretary change, this fact shall be notified to the bank by the outgoing Area Secretary along with
the name and example of the signature of the incoming Area Secretary.
6h Any donations, monies due to, or raised on behalf of, the area shall be paid into the area account by the treasurer and the fact
reported to the membership at the following area meeting.
6i In the event of an area being wound up, any monies held by the area shall be disposed of in a way to be decided by not less than fifty
percent of the membership present and voting at the meeting to wind up the area.
6j The members may appoint two Auditors from time to time as required and decided by the members, to examine and report to the
members on the state of the account. Any Auditors so elected shall remain in post until such time as their joint report is given to the
members.
6k The Treasurer may be removed from office if an Order is made against him/her pursuant to Section 383 of the Companies Act 1985.
Should such a case arise, section 6j shall become a mandatory clause.
6a The area shall have a bank account (hereinafter referred to as "the area account"). The account shall be held at a Bank and Branch
as decided by the members.
6b The Treasurer shall be held responsible for the good management of the area account.
6c The Treasurer shall report to the membership as to the state of the finances of the area at each AGM and at any time as required by
the membership. The Treasurer shall give their report to the AGM in writing.
6d No monies shall be withdrawn from the area account without the prior agreement of the Committee. Any such agreement shall be
indicated by proposal, seconder, and a majority vote in agreement at a monthly meeting prior to the withdrawal being made.
6e Any withdrawal shall only be made by means of a cheque drawn on the area account. No withdrawal shall be made without two of the
three previously decided signatures on any cheque.
6f Monies may be withdrawn from the area account in association with, or promotion of, the area activities, or in furtherance of the aims of
the area, but only after prior agreement has been indicated at a preceding area meeting in accordance with this constitution.
6g The names of the three Signatories along with examples of their signatures shall be notified to the Bank holding the area account as
may be required by the Bank, and after each and every change of each or all Signatories. Any such notification shall be made by the
Area Secretary. Should the Area Secretary change, this fact shall be notified to the bank by the outgoing Area Secretary along with
the name and example of the signature of the incoming Area Secretary.
6h Any donations, monies due to, or raised on behalf of, the area shall be paid into the area account by the treasurer and the fact
reported to the membership at the following area meeting.
6i In the event of an area being wound up, any monies held by the area shall be disposed of in a way to be decided by not less than fifty
percent of the membership present and voting at the meeting to wind up the area.
6j The members may appoint two Auditors from time to time as required and decided by the members, to examine and report to the
members on the state of the account. Any Auditors so elected shall remain in post until such time as their joint report is given to the
members.
6k The Treasurer may be removed from office if an Order is made against him/her pursuant to Section 383 of the Companies Act 1985.
Should such a case arise, section 6j shall become a mandatory clause.
