Charter And By-Laws of the Massachusetts Horticultural Society
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(z) He shall, as early in the year as possible, present to the Board of Trustees a full statement of receipts and ex- penditures for the preceding year. The fiscal year shall commence on the first day of January, and all assessments for the ensuing year shall be due at that time. He shall annually make a report to the society at the inaugural meeting at the close of his term of office. {j) He shall give bond for the faithful performance of his duties in such sum and with such sureties as shall ...be ap- proved by the Board of Trustees. {k) He shall not make or issue any note or other negoti- able instrument unless expressly authorized in each case so to do b)' the Board of Trustees who shall in each case in their vote containing such authorization provide that such note or other obligation shall not be valid or binding on the Society until countersigned by some person designated in such vote : provided, however, that he may be given authority by a general vote of the Board of Trustees to draw checks on the funds of the Society on deposit, as provided in Clause {a) of this Section VI.
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