DEPOSIT AND DISBURSEMENTS OF FUNDS

SECTION 1.
The general funds of this Society shall be deposited only in U.S. national banks, state banks in California, trust companies or mutual savings companies operating in accordance with laws of the state in which this Society maintains its principal place of business, and the deposits of which are insured by the Federal Deposit Insurance Corporation (FDIC).

SECTION 2.
The general funds of this Society shall be disbursed only by vote of the Executive Council.

All moneys dispensed from the general funds shall be drawn by the President, Vice President, Secretary or Treasurer and by authority of such warrant dispensed by check or debit card.

SECTION 3.
Cash funds may be established for the office of the Secretary and/or Treasurer for postage and for the Departments of Research or other designated programs to defray expense items.