Common use of Chief Financial Officer/Treasurer Clause in Contracts

Chief Financial Officer/Treasurer. The Chief Financial Officer shall be the chief financial officer of the Company and shall also have the title of Treasurer of the Company The Chief Financial Officer shall have the custody of the Company’s funds and securities and shall keep full and accurate accounts of receipts and disbursements in books belonging to the Company and shall deposit all moneys and other valuable effects in the name and to the credit of the Company in such depositories as may be designated by the Member. The Chief Financial Officer shall disburse the funds of the Company as may be ordered by the Member or the Chief Executive Officer, taking proper vouchers for such disbursements, and shall regularly render to the Chief Executive Officer and the Member, an account of all transactions as Chief Financial Officer and of the financial condition of the Company. If required by the Member, the Chief Financial Officer shall give the Company a bond in such sum and with such surety or sureties as shall be satisfactory to the Member for the faithful performance of the duties of the office of the Chief Financial Officer and for the restoration to the Company, in case of the Chief Financial Officer’s death, resignation, retirement or removal from office, of all books, papers, vouchers, money and other property of whatever kind in the Chief Financial Officer’s possession or under the Chief Financial Officer’s control belonging to the Company.