CHAPTER VIII - ABOUT THE TREASURER

This document and/or information was originally written in Spanish, the official language of Uruguay, the country where LACNIC is legally incorporated and whose laws and regulations govern the organization. Likewise, unofficial information and/or documents are also written in Spanish, as this is the language in which most of LACNIC's advisors and officers work and communicate. We do our best to ensure that our translations are reliable and serve as a guide for our non-Spanish-speaking members. However, discrepancies may exist between the translations and the original document and/or information written in Spanish. In such cases, the original text written in Spanish will always prevail.

CHAPTER VIII

ABOUT THE TREASURER

ARTICLE 30:

The Treasurer or whoever replaces the Treasurer under these Bylaws shall have the following powers and responsibilities:

  1.  To attend Board meetings and Member Assemblies;

  2. To serve as liaison between the Board of Directors and the Fiscal Commission, including the latter's annual meeting with LACNIC staff;

  3. To accompany the financial management of the organization;

  4. To present their opinion on the financial reports before LACNIC’s Ordinary Member Assembly;

  5. To maintain the Members’ Registry jointly with the Secretary, and to be responsible for all things relating to the collection of membership fees. The Treasurer may delegate this function to the LACNIC staff;

  6. To keep the accounting books. The Treasurer may delegate this function to the LACNIC staff

  7. To present monthly balance sheets to the Board and annually prepare the General Balance Sheet, Statement of Resources and Expenses, and Inventory, which, once approved by the Board, shall be submitted to the Ordinary Member Assembly. The Treasurer may delegate this function to the LACNIC staff;

  8. To sign receipts and other treasury documents jointly with the President, executing the payments decided by the Board. The Treasurer may delegate this function to the LACNIC staff;

  9. To deposit all funds collected by the organization in a banking institution under the name of LACNIC and requiring the joint signature of the President and the Treasurer, with the ability to maintain in such banking institution funds up to the amount authorized by the Board. The Treasurer may delegate this function to the LACNIC staff;

  10. To report on the financial status of the organization to the Board and to the Fiscal Commission as required. The Treasurer may delegate this function to LACNIC staff.

* Article modified by the Member Assemblies held on 29 May 2008 and 03 May 2016.

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