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Section 2. Contracts. The Board of Directors may authorize any officer or agent of PSDS to enter into any contract in the name of and on behalf of PSDS, and such authority may be general or defined to specific instances.

Section 3. Payment of Bands. Checks for each month's band shall be approved, written and signed by the President or Treasurer. Bands and performers will enter into a contract with PSDS, Inc. prior to their performance. Payment to bands will be in the form of a check and will be paid prior to a band performance as per the band contract. Any deviation from this will be stated in the contract. A copy of the signed contract will be provided to the Band Booker, Treasurer, and the Band at least five (5) days prior to the performance.

Section 4. Deposits. All funds of PSDS shall be deposited from time to time to the credit of PSDS to such checking accounts, savings accounts or other depositories that the Board may select.

Section 5. Gifts. The Board of Directors may accept on behalf of PSDS a contribution, gift, bequest or devise for the general or any special purpose of PSDS.

Section 6. Events. All events sponsored by PSDS must be designed to bring in sufficient funds to cover expenses. In no case will PSDS subsidize an event except with majority approval of the Board of Directors.

Section 7. Insurance. PSDS may purchase and maintain liability and/or errors and omissions insurance to protect the Board and officers against any liability asserted against or incurred by PSDS or its representatives.

Section 8. Prohibition Against Sharing in Corporate Earnings. No officer or employee of, or member of a committee of PSDS may purchase and maintain liability and/or errors and omissions insurance to protect the Board and officers against any liability asserted against or incurred by PSDS or its representatives.
 

Section 1. Fiscal Year. The fiscal year of PSDS shall begin the first day of January and end the last day of December each year.

Section 2. Waiver of Notice. Whenever any notice is required to be given under the provisions of the Nonprofit Corporation Act of the State of North Carolina or under the provisions of the Articles of Incorporation or Bylaws of PSDS, a waiver thereof in writing signed by the person or persons entitled to such notice, whether before or after the time stated therein, shall be deemed equivalent to the giving of such notice.

Section 3. Amendment to the Bylaws. These Bylaws may be altered, amended or appealed and new Bylaws may be adopted by the general membership meeting by a majority vote of the members present. All such changes must be submitted in writing to the general membership at least 10 days prior to the meeting at which this vote is to be taken.

Section 4. Checks, Drafts, Etc. All checks, drafts or orders for the payment of money, notes and other evidences of indebtedness issued in the name of the corporation shall be signed and/or countersigned by such persons who from time to time shall be designated by a resolution of the Board of Directors.

Section 5. Loans. No loans shall be contracted on behalf of the corporation and no evidence of indebtedness shall be issued in its name unless authorized by resolution of the Board of Directors. Such authority may be general or confined to specific instances.

Section 6. Prohibition Against Non-Charitable Actions. No director, officer or employee of this corporation shall take any action or shall fail to act in such a manner as to result in a violation of law or the loss of status as a charitable organization under the current interpretation of Section 501(c)(3) of the Internal Revenue Code.

Section 7. Alcohol Policy. The Piedmont Swing Dance Society follows a no alcohol policy for all events. Alcohol may not be sold at any events, nor may it be brought in from outside. However, in its discretion, the Board of Directors, by a 2/3 vote of the members of the Board, may elect to hold an event at a venue which will serve alcohol if the Board believes that holding the event at that venue will be in the best interest of PSDS. All activities associated with the sale of alcohol at a PSDS event must be the responsibility of the venue. PSDS is prohibited from participating in any way in the sale of alcohol or in the checking of identification ("proofing") of any attendees of the event.

Approved by Resolution of the Board of Directors the 17 day of August, 2003.

Secretary

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