Operations and Banking Sample Clauses
Operations and Banking. The Commission acknowledges and agrees that:
(a) the Commission shall maintain and keep detailed records and books of account prepared in accordance with generally accepted accounting principles and as required by appropriate legislation; and
(b) The Commission shall distribute annual audited financial statements to each Member within thirty (30) days of the Commission’s approval thereof.
(c) The Commission will determine rates annually by utilizing the cost of service model as put forth by the American Water Works Association manuals of practice dealing with wastewater rates and charges, as revised and updated from time to time, and in accordance with the directives and findings of the Alberta Utilities Commission.
Operations and Banking. Each Member acknowledges and agrees that:
(a) all monies received on account of the Society's operations from time to time shall be immediately paid into the bank of the Society and all disbursements in respect of the Society expenditures shall be paid by cheque on such bank;
(b) any two of the Chairman, Vice-Chairman, Secretary-Treasurer and such other officers as determined by the Board in its discretion from time to time, are authorized to make, sign, draw, accept, negotiate, endorse, execute and deliver all or any cheques, promissory notes, drafts, acceptances, bill of exchange, orders for the payment of money, and other instruments whether negotiable or not on behalf of the Society;
(c) except as otherwise set forth herein, no Member, Director, or Officer shall, without the consent of any two of the Chairman, Vice-Chairman, Secretary-Treasurer and such other officers as determined by the Board in its discretion from time to time, sign, draw, accept, endorse, execute, and deliver all or any cheques, promissory notes, drafts, acceptances, bills of exchange, orders for the payment of money, and other instruments whether negotiable or not, in the name of the Society or in any matter pledge the credit of the Society except in the usual and regular course of business; and
(d) the Society shall keep detailed records and books of account prepared in accordance with generally accepted accounting principles. The Society shall obtain and distribute to each member of the Society, within seven (7) days of receipt thereof, annual audited financial statements prepared by the Auditor appointed pursuant to the Bylaws.
Operations and Banking. The Municipality acknowledges and agrees that:
(a) all monies received on account of the Society's operations from time to time shall be immediately paid into the bank of the Society and all disbursements in respect of the Society expenditures shall be paid by cheque on such bank;
(b) any one of the Chair of the Society or the Vice-chair of the Society together with any one of the Chair or Secretary-Treasurer are authorized to make, sign, draw, accept, negotiate, endorse, execute and deliver all or any cheques, promissory notes, drafts, acceptances, ▇▇▇▇ of exchange, orders for the payment of money, and other instruments whether negotiable or not on behalf of the Society;
(c) the Society shall keep detailed records and books of account prepared in accordance with generally accepted accounting principles. The Society shall distribute annual audited financial statements to each Municipality within seven (7) days of the Society’s receipt thereof.