RES 97108 - Laserfiche WebLink

earnings, and other matters customarily included in financial statements. The books of account will be open to inspection by any director at all reasonable times. (ii) Deposit and Disbursement of Money and Valunblcs. The Chief Financial Officer deposits all money and other valuables in the name and to the credit of ABAG POWER with such depositories as may be designated by the Board; disburses the funds of ABAG POWER as may be ordered by the Board; renders to the directors, whenever they request it, an account of all of his/her transactions as Financial Officer and of the financial condition of ABAG POWER; and has other powers and perform such other duties as may be prescribed by the Board or the Bylaws. (iii) Bond. If required by the Board, the Chief Financial Officer will give ABAG POWER a bond in the amount and with the surety or sureties specified by the Board for faithful perfonnancc of the duties of his/her office and for restoration to ABAG POWER of all its books, papers, vouchers, money, and other property of every kind in his/her possession or under his/her control on his/her death, resignation, vztirement, or removal from office. 8.?. Fees and Compensation. The officers may receive such reimbursement of expenses as may be determined by resolution ofthe Board m bejus~ and reasonable. ARTICLE 9 - MEMBER INDEMNITY Each Member hereby agrees to indemnify and hold harmless all other Members to the extent any liability is found or imposed against said Member pursuant to California Government Cede Section 895.2. ARTICLE 10 - OBLIGATIONS OF PROGRAM PARTICIPANTS 10. 1 . Release and Indemnification. Program participants will indemnify and save ABAG POWER and ABAG, their respective members, directors, officers and employees of each of the foregoing harmless from and against all claims, losses and damages, including legal fees and expenses, arising out of 10. 1 . 1 . any bond or other debt insmament or evidence of indebtedness issued by ABAG POWER to pay for any costs, fees or expenses incurred, or to be incurred, in connection with the program, 10.1.2. any breach or default on the part of the participant in the performance of any of its obligations under the program, and 10.1.3. any act or negligence ofthe participant or of any of its agents, contractors, servants, employees or licensees with respect to the program, except for liability arising out ofthe willful misconduct, gross negligence, or breach of a contractual 7 ABAG POWER Bylaws