ARTICLE III, CONTRACTS. CHECKS DEPOSITS AND FUNDS

Section 1. Contracts.
The Board of Directors may authorize any Officer, agent or agents of the Club in addition to the Officers so authorized by these Bylaws, to enter into any contract or execute and deliver any instrument in the name of and on behalf of the Club, and such authority may be general or confined to specific instances.

Section 2.Checks, Drafts, etc.
All checks, drafts or orders for the payment of money, notes, or other evidences of indebtedness issued in the name of the Club shall be signed by such Officer or Officers, employees, agent or agents of the Club and in such manner as shell from time to time be determinate by resolution of the Board of Directors. In the absence of such determination by the Board of Directors, such instruments shall be signed by the President or a Vice President of the Club.

Section 3.Deposits.
All funds of the Club shall be deposited from time to time to the credit of the Club in such banks, trust companies, building and loan associations or companies, or to their depositaries as the Board of Directors may select.

Section 4.Gifts.
The Board of Directors may accept on behalf of the Club any contribution, gift, bequest, or devise for the general purpose or for any special purpose of the Club.