ARTICLE 8

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Contracts, Checks and Deposits

8.1     Contracts. No contract may be made in the name of the Corporation without the approval of the Board of Directors. Such approval may be granted in general or confined to specific instances.

8.2     Loans. No loan may be made on behalf of the Corporation unless authorized by the Board of Directors in writing.

8.3     Disbursements. The Board of Directors shall approve the writing of all checks, or payment of money by the Corporation. Such approval may be granted in general or confined to specific instances. Dispersal of petty cash shall adhere to guidelines established by the Board.

8.4     Banking. All funds of the Corporation shall be deposited to the credit of the Corporation in such banks or trust companies or other depositories as the Board of Directors may select.

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The Cascade Blues Association is an Affiliate Organization of The Blues Foundation.

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