Article XI

DISBURSEMENT OF FUNDS

Section 1

No Unauthorized Disbursement

No appropriation or expenditures of monies shall be made except by a vote of the membership or the board. Except as outlined in Article VI, Section 2 and 4 - No officer, director, committee member or employee of this association shall contract any obligation or insure any debt in behalf of the association, or in any way, render it liable unless specifically and duly authorized by a vote of the board or the membership.

 

Section 2

No Unauthorized Compensation

The funds of this association, from whatever source derived, shall not be distributed or paid to its members or officers by way of dividends or otherwise, but same shall be kept and used for the purposes of the association in its articles of incorporation; provided however, that the association may pay Its officers, agents, servants and employees, a just and reasonable compensation for their services or reimburse them for expenses incurred attendant to their prescribed duties.

 

Section 3

Officers OPCA Conference Fees

Individual elected officers shall not be charged the registration fee for the OPCA annual conference, and a single room accommodations shall be reimbursed at the conference hotel rate.