Surety bonds, records of proceedings, and audits

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The directors shall provide for:

  1. (1) The execution of surety bonds for all employees and officers who shall be entrusted with funds or property;

  2. (2) The keeping of a full and accurate record of all proceedings and of all resolutions, regulations, and orders issued or adopted; and

  3. (3) An annual audit of the accounts of receipts and disbursements.


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