The Treasurer shall:
- Be responsible for all funds and securities of the corporation;
- Be responsible for the receipt of, and the issuance of receipts for, all monies due and payable to the corporation and for the deposit of all such monies in the name of the corporation in such bank or banks as shall be selected in accordance with the provisions of these bylaws; provided, however, that the Treasurer shall have authority, with the approval of the board, to delegate the General Manager the authority to appoint employees of this corporation to actually carry out the responsibilities set forth in this subparagraph; and
- In general, perform all the duties incident to the office of Treasurer and such other duties as from time to time may be assigned to him by the board; provided, however, with respect to the duties and responsibilities of the Treasurer, the corporation shall indemnify and hold the Treasurer harmless against any and all losses, claims and/or damages which may be asserted against the Treasurer, in his official capacity, unless such a claim is the result of an act personally committed or omitted by the Treasurer which results in loss to the corporation.
(July 30, 1987)