Common use of General Fund Clause in Contracts

General Fund. The General Fund is defined as monies collected by the assessment of Annual dues. The monies available for ordinary expenditures shall be limited to monies in the general fund. The Board of Directors limit for expenditures on any one project shall be set by a resolution made at a Corporation membership meeting. Any other monies collected for designated purposes or special projects shall be expended for those projects only.

Appears in 4 contracts

Samples: runyanlakeinc.com, www.runyanlakeinc.com, www.runyanlakeinc.com

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.