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Section 4. Donations
The Society may accept gifts, legacies, donations and/or contributions, and in any
amount and any form, from time to time, upon such terms and conditions as may be
decided by the Board of Directors.

Section 5. Endowments
This corporation may establish,an Endowment Fund for accepting .gifts in any
amount of cash or check, or any form of property by gift or by bequest. Property may he
converted to cash or check, or any form of property by gift or by bequest. Cash gifts in
any amount may be made directly to the fund. Cash may be pledged in the amount of
$500 or more, but the pledge must be met within a 24-month period in order to be
recognized for the Fund. All monies given to the Fund, including life memberships and
memorial gifts shall remain in Trust or the equivalent. Only the earnings from the Fund
shall be used for purposes as determined by the Board.

Section 6. Depositories &: Investments
The Society shall deposit and/ or invest the funds of the Society in accordance with
the direction of the Board of Directors. All funds invested must be deposited in accounts
insured by the U. S. Government.
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Section 7. Financial Reports
A summary report of the financial operation of the Society shall be made at least
0 annually to the membership.

[] Section 8. Indemnification
The Board of Directors, in its sole discretion, may determine whether or not to ,_
indemnify any officer, employee, director, or member of the Society against all or any part
·Oil of expenses, judgments, decrees, fines, penalties or all or any part of amounts paid in
settlement in connection with defense or any pending or threatened action, suit, or
proceeding, criminal or civil, to which any of the above named individuals is or may be
DG made party of by reason of being or having been such officer, employee, Director or
member. The extent and amount of indemnification shall be in the sole discretion of the
Board.

Section 9. Dissolution
The properties and assets of the Society are irrevocably dedicated to charitable.
purposes. In the event of dissolution of the Society, assets remaining after the discharge of
all liabilities shall be put in trust for the benefit of a non-profit organization as directed by
the Board of Directors.

ARTICLE VIII • MISCELLANEOUS PROVISIONS

Section 1 . Corporate Seal
The corporate seal of the Society shall be in such form as the Board of Directors
shall determine and shall contain the name of the Society, the date and state of its creation

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