ARTICLE XI. FINANCIAL MANAGEMENT
A. All HAL-PC activities that conduct regular financial transactions
shall operate within a budget approved by the Board.
B. Non-budgeted and non-appropriated expenditures of up to $100
per transaction, up to a maximum of $500 per month, may be
authorized by two (2) officers. This authorization must be
in writing. The Treasurer shall make the details of these
transactions available to the Board.
Non-budgeted and non-appropriated expenditures of up to $2,000
per month may be approved by the Executive Committee.
All other expenditures must be authorized by the Board expressly
or be within a budget approved by the Board .
C. Authorized HAL-PC expenses shall be reimbursed by the
Treasurer. Receipts for individual expenses exceeding $25
must be provided.
D. No part of the net earnings of HAL-PC shall inure to the
benefit of any member and all profits shall be used in
furtherance of HAL-PC's tax exempt purposes under
Section 501 of the Code.
E. The financial status of HAL-PC shall be reported to the
members annually during the first quarter of the calendar
year.
F. An audit of HAL-PC's financial records shall be made
annually by a firm of independent certified public
accountants designated by the Board.
G. No loans shall be made by HAL-PC to its Directors or
Officers.
ARTICLE XII. INDEMNIFICATION
HAL-PC shall indemnify and advance expenses to a Director or
Officer who was, is, or is threatened to be made a named
defendant or respondent in a proceeding or who incurs expenses
in connection with his appearance as a witness or other
participation in a proceeding at a time when he is not a named
defendant or respondent in the proceeding (provided his
appearance or other participation is related to or arises out of
his duties or activities on behalf of HAL-PC), to the fullest
extent permitted by Article 1396-2.22A of the Act or by any
amendment thereto or successor statute providing for or
permitting the indemnification of directors and officers of a
Non-Profit Corporation (as defined in the Act); it being the
intent of this Article XII to make mandatory the indemnification
of directors and officers and the payment and reimbursement of
their expenses permitted by the provisions of Article 1396.2.23.
To the extent that indemnification and reimbursement is not
required by the preceding sentence, HAL-PC may indemnify and
advance expenses to directors, officers, and any person who is
or was an employee or agent of HAL-PC and who was, is, or is
threatened to be made a named defendant or respondent in a
proceeding or who incurs expenses in connection with his
appearance as a witness or other participation in a proceeding
at a time when he is not a named defendant or respondent in the
proceeding, if the determination to do so is made in accordance
with the provisions of Section B of Article 1396-2.23 of the
Act.
ARTICLE XIII. AMENDMENTS
A. These Bylaws may be amended at any Annual meeting or at a
Special meeting of the members called for such purpose. Such
meeting shall be subject to the notice requirements of 
