CONNECTICUT VALLEY CIGAR LEAF TOBACCO. 223 



originate and propose motions and amendments and to participate in 

 deliberations as a director, but he shall have no vote in that body. 



All pajnnents over $5 made by the manager for purchases and general 

 expenses shall be made bv check signed by him and countersigned by the 

 treasurer. He shall keep permanent record of all his business transactions. 



The manager shall be required to give bond in a sum and form to be 

 approved by the board of directors for the faithful performance of bis 

 duties, and as surety for the funds and property of the corporation which 

 may be placed in his custody. The cost of such bond may be borne by the 

 corporation , 



Article VII. 



Committee of Audit and Accounts. 



Section 1. A committee of audit, consisting of three members, shall 

 be elected by ballot at the annual meeting of the corporation. Officers and 

 directors of the corporation shall be ineligible to membership on said 

 committee. 



Section 2. It shall be the duty of the comnuttee of audit to examine 

 and audit the books of the corporation at least twice a year, to report their 

 findings to the board of directors, and to examme and audit the books, and 

 report at such otlier times as maj^ be ordered hy the directors or by vote 

 of the corporation. An audit by a competent accountant shall be made 

 prior to each annual meeting and presented in detail at that meeting. 



Section 3. The corporation shall install an adequate system of ac- 

 counts and provide such accounting equipment as may be necessary to 

 conduct the business in a safe and satisfactory manner. 



Article VIII. 

 Membership Certificates and Fees. 



Section 1. Upon entering the corporation and paying its membership 

 fee the corporation shall issue to each member a certificate of membership 

 signed by the secretary and countersigned by the president. Certificates 

 of membership shall not be transferable. 



Section 2. Each member shall pay in advance to the corporation a 

 membership fee, and annual dues determined by the board of directors. 



Section 3. Any member may withdraw from the corporation ai- any 

 time between the first da,y of Februarj'' and the first day of April following, 

 provided tbat his indebtedness to the corporation is fully paid. Such 

 withdrawal shall not affect an} right or any lien which the corporation has 

 against such member or his property. 



Section 4. Any member, having a grievance or complaint against the 

 corporation, may appeal to the board of directors or to the members at 

 any regular or special meeting. No member shall be suspended or expelled 

 or deprived of the benefits of the corporation without first having charges 

 preferred against him, reasonable notice thereof ha\ing been given, and 

 a hearing before the board of directors ha\nng been duly held. 



