Division 3: EXECUTION OF INSTRUMENTS

3.01

Deeds, transfers, assignments, contracts, obligations, certificates and other instruments may be signed on behalf of the Society by two persons, one of whom holds the office of president or vice president and the other of whom holds one of the said offices or the office of secretary, treasurer, or any other office created by by-law or by the Board provided however, in the event the Society has only one Director his signature alone shall be sufficient. In addition, the Board or the said two persons may from time to time direct the manner in which and the person or persons by whom any particular instrument or class of instruments may or shall be signed. Any signing officer may affix the Society’s corporate seal to any instrument requiring the same, but no instrument is invalid merely because the Society’s corporate seal is not affixed thereto.

3.02 Cheques, Drafts and Notes

All cheques, drafts or orders for the payment of money and all notes and acceptances and bills of exchange shall be signed by such officer or officers or person or persons, whether or not officers of the Society, and in such manner as the Board of Directors may from time to time designate by resolution.