# Article 7: Indemnities

## Article 7: Indemnities

### 7.1. Corporate Records and Inspection Rights

Books and records of account and minutes of the proceedings of the Board, and committees of the Board shall be kept available for inspection at the Principal Office or at the office of the legal representative of the organization.

Every director shall have the absolute right at any reasonable time to inspect all books, records, accounts, ledgers, and documents of every kind and nature and to inspect the physical properties of the organization and its subsidiary organizations, domestic or foreign. Such inspection by a director may be made in person or by agent or attorney and includes the right to copy and make extracts.

### 7.2. Annual Report

The Board shall cause an annual report to be furnished not later than one hundred and twenty (120) days after the close of the organization's fiscal year to all directors of the organization and made available to the public.

The annual report shall contain the following information:

1. The assets and liabilities of the organization as of the end of the fiscal year;
2. The revenue and receipts of the organization for the fiscal year;
3. The expenses or disbursements of the organization.

### 7.3. Checks, Drafts, etc.

All checks, drafts, or other orders for the payment of money, notes, and all mortgages or other evidences of indebtedness or security interest issued by or in the name of or payable by the organization, and all assignments and endorsements of the foregoing, shall be signed or endorsed by the person or persons and in the manner specified by the Board.

### 7.4. Corporate Contracts and Instruments

Except as otherwise provided in these Bylaws or in resolutions adopted by the Board, officers, agents, and employees of the organization have no authority to enter into any contract or execute any instrument in the organization's name and on its behalf. Authority to do so may be general or confined to specific instances. Without such authority, no officer, agent or employee has the power to bind the organization.


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