Section 1: Contracts
Except as otherwise provided in these bylaws, the board may authorize the General Manager or other employee designated by the board to enter into any contract or execute and deliver any instrument in the name and on behalf of the cooperative, and such authority may be general or confined to specific instances
Section 2: Deposits
All funds except petty cash of the Cooperative shall be deposited from time to time to the credit of the Cooperative in such bank or banks as the board may approve.
Section 3: Fiscal Year
The fiscal year of the Cooperative shall begin on the 1st day of January of each year and shall end on the 31st day of December of the same year.